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) during the 4th quarter, according to the company in its most recent disclosure 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 hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems in the fourth quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter worth $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 4.2 %

EPAM stock opened at $245.30 on Friday. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a market capitalization of $13.91 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. The company’s 50 day moving average price is $238.73 and its two-hundred day moving average price is $214.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, November 8th. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC increased their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho raised their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $269.84.

Insiders Place Their Bets

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,222 shares of company stock valued at $2,089,878 over the last three months. 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.