EPAM Systems, Inc. $EPAM Stock Position Decreased by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its holdings in EPAM Systems by 17.8% in Q1, now owning about 97,222 shares worth $16.42 million.
• EPAM Systems reported a Q2 earnings per share (EPS) of $2.77, exceeding expectations, with revenue of $1.35 billion, marking an 18.0% year-over-year growth.
• Analysts' recommendations for EPAM include multiple upgrades with an average target price of $224.06, indicating a general sentiment of "Moderate Buy" among research analysts.

Royal Bank of Canada trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 17.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,222 shares of the information technology services provider's stock after selling 21,008 shares during the period. 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 hedge funds have also modified their holdings of EPAM. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $33,000. CX Institutional purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. increased its stake in shares of EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after purchasing an additional 213 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 517 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after purchasing an additional 470 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. lowered their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley lowered their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Stock Down 1.0%

Shares of NYSE:EPAM traded down $1.55 during midday trading on Monday, hitting $154.54. 604,152 shares of the company's stock traded hands, compared to its average volume of 794,970. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $8.61 billion, a PE ratio of 22.05, a P/E/G ratio of 2.27 and a beta of 1.66. The firm's fifty day moving average price is $165.38 and its two-hundred day moving average price is $169.22. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

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

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.