Royal Bank of Canada Buys 32,055 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Royal Bank of Canada raised its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,230 shares of the information technology services provider's stock after purchasing an additional 32,055 shares during the period. Royal Bank of Canada owned approximately 0.21% of EPAM Systems worth $27,645,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Aurora Investment Counsel grew its holdings in shares of EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after purchasing an additional 45 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of EPAM Systems by 0.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after purchasing an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of EPAM Systems by 4.3% during the 4th quarter. Inspire Advisors LLC now owns 2,877 shares of the information technology services provider's stock worth $673,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Down 0.9%

EPAM Systems stock traded down $1.57 during trading hours on Wednesday, hitting $175.08. The stock had a trading volume of 474,319 shares, compared to its average volume of 741,941. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The business's 50 day simple moving average is $164.54 and its 200-day simple moving average is $209.68.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on EPAM. Piper Sandler raised their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Guggenheim lifted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Barclays lifted their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Stifel Nicolaus lowered their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC upped their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $233.93.

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.