SkyView Investment Advisors LLC Increases Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

SkyView Investment Advisors LLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,055 shares of the information technology services provider’s stock after purchasing an additional 60 shares during the quarter. SkyView Investment Advisors LLC’s holdings in EPAM Systems were worth $409,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after purchasing an additional 652,515 shares during the period. TD Asset Management Inc grew its position in shares of EPAM Systems by 80.0% during the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock worth $112,017,000 after acquiring an additional 264,570 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after acquiring an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after acquiring an additional 361,363 shares during the period. Finally, Bank of New York Mellon Corp raised its position in EPAM Systems by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 379,834 shares of the information technology services provider’s stock valued at $71,451,000 after purchasing an additional 15,116 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective on the stock. Piper Sandler raised their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Susquehanna upped their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.95.

EPAM Systems Stock Performance

NYSE EPAM opened at $250.07 on Friday. The business has a 50 day moving average price of $219.80 and a 200 day moving average price of $203.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a market capitalization of $14.18 billion, a P/E ratio of 32.48, a PEG ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.