Oliver Luxxe Assets LLC Buys New Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Oliver Luxxe Assets LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,077 shares of the information technology services provider's stock, valued at approximately $1,889,000.

Several other institutional investors also recently bought and sold shares of EPAM. Pacer Advisors Inc. lifted its holdings in shares of EPAM Systems by 14,325.2% during 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 last quarter. Charles Schwab Investment Management Inc. increased its position in EPAM Systems by 45.4% during 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 buying an additional 160,989 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in EPAM Systems by 643.4% in the third 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 buying an additional 361,363 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in EPAM Systems by 33.4% in the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider's stock worth $64,466,000 after acquiring an additional 85,883 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in shares of EPAM Systems by 97.7% during the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock worth $63,707,000 after acquiring an additional 167,343 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPAM has been the subject of a number of recent analyst reports. Barclays upgraded shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Piper Sandler boosted their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their price target on EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. Citigroup increased their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and upped their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.84.

EPAM Systems Trading Down 0.0 %

EPAM stock traded down $0.05 during trading on Monday, reaching $230.67. 510,658 shares of the stock were exchanged, compared to its average volume of 433,286. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 3.87 and a beta of 1.50. The business has a 50 day moving average price of $234.65 and a 200-day moving average price of $211.03. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,222 shares of company stock worth $2,089,878. Company insiders own 4.30% of the company's stock.

EPAM Systems 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.