Fiera Capital Corp Purchases 3,045 Shares of EPAM Systems, Inc. $EPAM

Fiera Capital Corp lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,616 shares of the information technology services provider’s stock after buying an additional 3,045 shares during the quarter. Fiera Capital Corp owned about 0.33% of EPAM Systems worth $33,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EPAM. Invesco Ltd. boosted its holdings in EPAM Systems by 37.1% during the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after buying an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of EPAM Systems by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock valued at $383,267,000 after acquiring an additional 89,418 shares during the period. Geode Capital Management LLC boosted its stake in EPAM Systems by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after acquiring an additional 15,936 shares during the last quarter. William Blair Investment Management LLC grew its holdings in EPAM Systems by 20.9% during the second quarter. William Blair Investment Management LLC now owns 841,922 shares of the information technology services provider’s stock valued at $148,869,000 after purchasing an additional 145,411 shares during the period. Finally, Alyeska Investment Group L.P. grew its holdings in EPAM Systems by 2,332.9% during the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after purchasing an additional 699,877 shares during the period. 91.58% of the stock is owned by institutional investors.

Insider Activity at EPAM Systems

In other news, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $181.80, for a total value of $454,500.00. Following the sale, the senior vice president directly owned 38,124 shares in the company, valued at $6,930,943.20. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the sale, the senior vice president directly owned 146 shares in the company, valued at approximately $21,939.42. This represents a 91.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EPAM shares. Mizuho increased their target price on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Monday, August 18th. Morgan Stanley decreased their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Finally, Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $213.81.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $180.36 on Friday. The company has a fifty day moving average price of $157.43 and a 200 day moving average price of $165.92. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market cap of $10.05 billion, a PE ratio of 25.73, a PEG ratio of 2.36 and a beta of 1.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.EPAM Systems’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.12 earnings per share. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems announced that its board has initiated a stock repurchase program on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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.