Continuum Advisory LLC Increases Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Continuum Advisory LLC lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 5,240.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267 shares of the information technology services provider’s stock after purchasing an additional 262 shares during the period. Continuum Advisory LLC’s holdings in EPAM Systems were worth $53,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after buying an additional 652,515 shares in the last quarter. TD Asset Management Inc increased its position in EPAM Systems by 80.0% during the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock worth $112,017,000 after purchasing an additional 264,570 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 160,989 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 purchasing an additional 361,363 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of EPAM Systems by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 379,834 shares of the information technology services provider’s stock worth $71,451,000 after purchasing an additional 15,116 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EPAM Systems

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

EPAM Systems Stock Performance

NYSE:EPAM opened at $250.07 on Friday. The firm’s fifty day simple moving average is $219.80 and its 200 day simple moving average is $203.12. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 3.76 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EPAM. Piper Sandler upped their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target on the stock. Susquehanna upped their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Citigroup upped their price objective 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. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $268.95.

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.