Royal Bank of Canada Has $71.21 Million Stock Position in EPAM Systems, Inc. $EPAM

Royal Bank of Canada cut its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,913 shares of the information technology services provider’s stock after selling 26,610 shares during the quarter. Royal Bank of Canada’s holdings in EPAM Systems were worth $71,209,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after purchasing an additional 13,768 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of EPAM Systems by 289.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after purchasing an additional 12,861 shares during the period. Aikya Investment Management Ltd lifted its holdings in shares of EPAM Systems by 8.4% in the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after purchasing an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of EPAM Systems by 14.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after purchasing an additional 54,075 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in EPAM Systems by 429.1% in the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after purchasing an additional 9,080 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EPAM. Weiss Ratings downgraded shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Wedbush assumed coverage on EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 price target for the company. Morgan Stanley set a $112.00 price objective on EPAM Systems in a report on Friday, May 8th. Wells Fargo & Company dropped their target price on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Finally, TD Cowen dropped their target price on EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $133.50.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $105.85 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a 50-day moving average of $90.90 and a 200-day moving average of $127.71. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a market cap of $5.53 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.00 and a beta of 1.43.

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