EPAM Systems, Inc. $EPAM Position Increased by Fiera Capital Corp

Fiera Capital Corp grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 241,056 shares of the information technology services provider’s stock after acquiring an additional 56,874 shares during the quarter. Fiera Capital Corp’s holdings in EPAM Systems were worth $49,388,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. RWC Asset Management LLP acquired a new position in shares of EPAM Systems in the 4th quarter valued at about $15,884,000. JPMorgan Chase & Co. raised its stake in EPAM Systems by 56.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after acquiring an additional 416,324 shares during the period. Clearbridge Investments LLC lifted its holdings in EPAM Systems by 64.2% in the fourth quarter. Clearbridge Investments LLC now owns 185,843 shares of the information technology services provider’s stock worth $38,076,000 after acquiring an additional 72,636 shares during the last quarter. Syon Capital LLC lifted its holdings in EPAM Systems by 66.3% in the fourth quarter. Syon Capital LLC now owns 3,729 shares of the information technology services provider’s stock worth $764,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Capital World Investors boosted its stake in EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after acquiring an additional 1,371,557 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EPAM. Susquehanna lowered their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research note on Friday, May 8th. Guggenheim dropped their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Wells Fargo & Company cut their target price on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $152.00.

EPAM Systems Stock Performance

EPAM stock opened at $96.84 on Tuesday. The company has a 50-day simple moving average of $114.06 and a 200 day simple moving average of $158.57. The company has a market capitalization of $5.06 billion, a P/E ratio of 13.89, a PEG ratio of 0.90 and a beta of 1.41. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a fifty-two week low of $89.25 and a fifty-two week high of $222.53.

EPAM Systems (NYSE:EPAM) last released 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. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Sell-side analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems Profile

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.