EPAM Systems, Inc. (NYSE:EPAM) Holdings Boosted by Royal Bank of Canada

Royal Bank of Canada raised its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 37.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 118,230 shares of the information technology services provider's stock after acquiring an additional 32,055 shares during the period. Royal Bank of Canada owned 0.21% of EPAM Systems worth $27,645,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after buying an additional 13,981 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of EPAM Systems during the 4th quarter worth $245,000. Janney Montgomery Scott LLC increased its holdings in shares of EPAM Systems by 170.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,718 shares of the information technology services provider's stock worth $1,805,000 after buying an additional 4,862 shares during the last quarter. New Century Financial Group LLC acquired a new stake in shares of EPAM Systems during the 4th quarter worth $231,000. Finally, Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the 4th quarter worth $218,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.4%

NYSE:EPAM traded up $0.72 on Tuesday, reaching $176.67. The stock had a trading volume of 1,082,476 shares, compared to its average volume of 684,549. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a 50-day moving average of $164.46 and a 200 day moving average of $209.91. The stock has a market cap of $10.01 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.

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

Analyst Ratings Changes

EPAM has been the subject of a number of research reports. Scotiabank decreased their price target on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Morgan Stanley decreased their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Barclays upped their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Needham & Company LLC upped their price target 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average 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.