Fiera Capital Corp Invests $31.33 Million in EPAM Systems, Inc. (NYSE:EPAM)

Key Points

• Fiera Capital Corp acquired 185,571 shares of EPAM Systems in Q1, valued at approximately $31.3 million, bringing its total ownership to 0.33% of the company.
• EPAM Systems reported earnings of $2.41 per share, exceeding analysts' expectations of $2.27, alongside a revenue of $1.30 billion for the quarter.
• Institutional investors hold 91.58% of EPAM Systems' stock, indicating strong institutional confidence in the company's performance.

Fiera Capital Corp purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 185,571 shares of the information technology services provider's stock, valued at approximately $31,332,000. Fiera Capital Corp owned 0.33% of EPAM Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its stake in EPAM Systems by 35.8% in the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after acquiring an additional 5,435 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in EPAM Systems by 18.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock valued at $1,224,000 after acquiring an additional 1,112 shares during the last quarter. SG Americas Securities LLC grew its stake in EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after acquiring an additional 5,827 shares during the last quarter. CX Institutional acquired a new stake in EPAM Systems in the 1st quarter valued at about $42,000. Finally, Fifth Third Bancorp grew its stake in EPAM Systems by 6.1% in the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after acquiring an additional 91 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EPAM. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Stifel Nicolaus decreased their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Guggenheim raised their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley decreased their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Finally, Susquehanna decreased their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $231.73.

EPAM Systems Trading Down 4.3%

NYSE EPAM traded down $6.78 during mid-day trading on Friday, hitting $150.93. The company's stock had a trading volume of 854,472 shares, compared to its average volume of 530,967. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock's fifty day simple moving average is $172.04 and its two-hundred day simple moving average is $187.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a market capitalization of $8.55 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 2.35 and a beta of 1.67.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. Research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.