IHT Wealth Management LLC Sells 70 Shares of EPAM Systems, Inc. (NYSE:EPAM)

IHT Wealth Management LLC decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,707 shares of the information technology services provider’s stock after selling 70 shares during the period. IHT Wealth Management LLC’s holdings in EPAM Systems were worth $618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of EPAM Systems in the 3rd quarter worth $210,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of EPAM Systems in the 3rd quarter worth $1,899,000. Seaport Global Advisors LLC boosted its stake in shares of EPAM Systems by 7.8% in the 3rd quarter. Seaport Global Advisors LLC now owns 722 shares of the information technology services provider’s stock worth $262,000 after buying an additional 52 shares during the last quarter. 17 Capital Partners LLC boosted its stake in shares of EPAM Systems by 9.1% in the 3rd quarter. 17 Capital Partners LLC now owns 2,401 shares of the information technology services provider’s stock worth $870,000 after buying an additional 200 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of EPAM Systems by 1,511.5% in the 3rd quarter. National Pension Service now owns 82,974 shares of the information technology services provider’s stock worth $30,048,000 after buying an additional 77,825 shares during the last quarter. Institutional investors own 92.29% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $279.79 on Friday. EPAM Systems, Inc. has a 52 week low of $260.11 and a 52 week high of $462.99. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $330.44 and its 200-day simple moving average is $346.04. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.84 and a beta of 1.57.

Analyst Ratings Changes

EPAM has been the topic of a number of research reports. Cowen downgraded EPAM Systems from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $390.00 to $370.00 in a research note on Friday, February 17th. Wolfe Research downgraded EPAM Systems from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 5th. StockNews.com assumed coverage on EPAM Systems in a research report on Thursday. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on EPAM Systems from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, February 17th. Finally, Piper Sandler reiterated an “overweight” rating and set a $391.00 target price on shares of EPAM Systems in a research report on Tuesday, February 28th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $402.14.

About EPAM Systems

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.