Fiera Capital Corp Reduces Stock Holdings in EPAM Systems Inc (NYSE:EPAM)

Fiera Capital Corp reduced its holdings in EPAM Systems Inc (NYSE:EPAM) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,839 shares of the information technology services provider’s stock after selling 634 shares during the period. Fiera Capital Corp’s holdings in EPAM Systems were worth $3,126,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in shares of EPAM Systems by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 2,622 shares of the information technology services provider’s stock valued at $556,000 after acquiring an additional 43 shares during the last quarter. Cim LLC boosted its holdings in shares of EPAM Systems by 1.2% in the 1st quarter. Cim LLC now owns 3,928 shares of the information technology services provider’s stock valued at $729,000 after acquiring an additional 48 shares during the last quarter. Ellevest Inc. boosted its holdings in shares of EPAM Systems by 38.8% in the 1st quarter. Ellevest Inc. now owns 193 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 54 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of EPAM Systems by 1.5% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 3,910 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 57 shares during the period. Finally, AlphaStar Capital Management LLC lifted its stake in shares of EPAM Systems by 1.2% in the 1st quarter. AlphaStar Capital Management LLC now owns 4,938 shares of the information technology services provider’s stock valued at $958,000 after purchasing an additional 60 shares during the period. 92.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Jason Harman sold 11,098 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $222.00, for a total transaction of $2,463,756.00. Following the completion of the sale, the senior vice president now owns 10,614 shares of the company’s stock, valued at $2,356,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason D. Peterson sold 400 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $225.00, for a total transaction of $90,000.00. Following the sale, the chief financial officer now directly owns 12,199 shares of the company’s stock, valued at approximately $2,744,775. The disclosure for this sale can be found here. Insiders have sold 39,687 shares of company stock valued at $8,564,301 in the last ninety days. Insiders own 5.30% of the company’s stock.

Several research firms recently issued reports on EPAM. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Thursday, March 26th. JPMorgan Chase & Co. boosted their target price on shares of EPAM Systems from $247.00 to $249.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. Susquehanna Bancshares cut shares of EPAM Systems from a “positive” rating to a “neutral” rating and decreased their target price for the company from $274.00 to $230.00 in a research note on Friday, April 24th. Piper Sandler began coverage on shares of EPAM Systems in a research note on Thursday. They issued an “overweight” rating and a $258.00 target price for the company. Finally, KeyCorp boosted their target price on shares of EPAM Systems from $252.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $243.25.

NYSE:EPAM opened at $223.86 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.87 and a current ratio of 3.87. The company has a fifty day moving average of $205.17 and a two-hundred day moving average of $210.36. The stock has a market capitalization of $12.46 billion, a PE ratio of 45.59, a P/E/G ratio of 2.94 and a beta of 1.32. EPAM Systems Inc has a fifty-two week low of $151.97 and a fifty-two week high of $248.27.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. EPAM Systems had a net margin of 11.79% and a return on equity of 18.45%. The company had revenue of $651.36 million during the quarter, compared to analysts’ expectations of $650.01 million. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. Research analysts forecast that EPAM Systems Inc will post 4.48 earnings per share for the current year.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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