Royal Bank of Canada Has $16.42 Million Holdings in EPAM Systems, Inc. $EPAM

Royal Bank of Canada lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,222 shares of the information technology services provider’s stock after selling 21,008 shares during the quarter. Royal Bank of Canada owned about 0.17% of EPAM Systems worth $16,415,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in EPAM Systems by 18.7% during the first quarter. Quarry LP now owns 2,975 shares of the information technology services provider’s stock valued at $502,000 after acquiring an additional 468 shares during the last quarter. Nomura Holdings Inc. boosted its position in EPAM Systems by 24.3% during the first quarter. Nomura Holdings Inc. now owns 2,329 shares of the information technology services provider’s stock valued at $393,000 after acquiring an additional 456 shares during the last quarter. Vident Advisory LLC boosted its position in EPAM Systems by 165.3% during the first quarter. Vident Advisory LLC now owns 3,446 shares of the information technology services provider’s stock valued at $582,000 after acquiring an additional 2,147 shares during the last quarter. State of Wyoming bought a new stake in EPAM Systems during the first quarter valued at $196,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in EPAM Systems by 303.4% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 5,898 shares of the information technology services provider’s stock valued at $996,000 after acquiring an additional 4,436 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.4%

NYSE:EPAM opened at $165.05 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a 50-day moving average of $167.45 and a 200-day moving average of $171.00. The company has a market cap of $9.19 billion, a PE ratio of 23.54, a PEG ratio of 2.39 and a beta of 1.66. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on EPAM shares. Morgan Stanley cut their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and an average target price of $224.06.

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.