Lazard adds to EPAM stake as RBC increases Veeva holdings

Lazard Asset Management LLC expanded its position in EPAM Systems, Inc., purchasing an additional 17,737 shares in the first quarter. The fund now holds 39,326 shares, representing about 0.08% of the company and worth roughly $5.3 million.

The Royal Bank of Canada similarly raised its stake in Veeva Systems Inc., buying 23,117 more shares to bring its total to 870,281 shares, about 0.53% of the firm and valued at approximately $152.9 million.

Both EPAM and Veeva reported earnings that exceeded analyst expectations, with EPAM posting $2.86 earnings per share and Veeva reporting $2.24 EPS.