Oliver Luxxe Assets LLC Invests $1.89 Million in EPAM Systems, Inc. (NYSE:EPAM)

Oliver Luxxe Assets LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,077 shares of the information technology services provider’s stock, valued at approximately $1,889,000.

Other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC boosted its holdings in shares of EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares during the period. First Horizon Advisors Inc. grew its position in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 57 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 60 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 65 shares in the last quarter. Finally, Empirical Finance LLC boosted its position in shares of EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM traded up $0.58 during midday trading on Monday, reaching $231.30. The stock had a trading volume of 317,878 shares, compared to its average volume of 360,201. The stock has a market capitalization of $13.12 billion, a P/E ratio of 30.04, a PEG ratio of 3.87 and a beta of 1.50. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. 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 firm’s fifty day simple moving average is $233.86 and its 200-day simple moving average is $210.69.

Analysts Set New Price Targets

EPAM has been the subject of several research analyst reports. Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Citigroup lifted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.84.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by insiders.

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.