Fiera Capital Corp Grows Stock Holdings in EPAM Systems, Inc. $EPAM

Fiera Capital Corp grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,056 shares of the information technology services provider’s stock after acquiring an additional 56,874 shares during the period. Fiera Capital Corp owned about 0.44% of EPAM Systems worth $49,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC purchased a new position in EPAM Systems in the fourth quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 3,880 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of EPAM Systems by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after buying an additional 117,170 shares during the period. United Services Automobile Association acquired a new stake in shares of EPAM Systems in the first quarter valued at about $229,000. Finally, Empowered Funds LLC raised its holdings in shares of EPAM Systems by 134.1% during the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after buying an additional 1,291 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $96.84 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53. The firm’s 50-day simple moving average is $114.06 and its 200-day simple moving average is $158.57. The firm has a market cap of $5.06 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $2.41 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts forecast that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EPAM. Needham & Company LLC reduced their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Susquehanna reduced their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Weiss Ratings downgraded shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, TD Cowen lowered their price target on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $152.00.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.