JPMorgan Chase & Co. cut its stake in shares of Epiq Systems Inc. (NASDAQ:EPIQ) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 661,063 shares of the company’s stock after selling 10,206 shares during the period. JPMorgan Chase & Co. owned 1.74% of Epiq Systems worth $9,652,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in EPIQ. BlackRock Fund Advisors raised its stake in shares of Epiq Systems by 0.8% in the first quarter. BlackRock Fund Advisors now owns 2,097,826 shares of the company’s stock valued at $31,509,000 after buying an additional 16,097 shares during the last quarter. Geode Capital Management LLC raised its position in Epiq Systems by 2.0% in the first quarter. Geode Capital Management LLC now owns 219,475 shares of the company’s stock worth $3,296,000 after buying an additional 4,312 shares in the last quarter. Kennedy Capital Management Inc. raised its position in Epiq Systems by 1.6% in the first quarter. Kennedy Capital Management Inc. now owns 204,146 shares of the company’s stock worth $3,066,000 after buying an additional 3,262 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Epiq Systems by 4.2% in the second quarter. California Public Employees Retirement System now owns 114,200 shares of the company’s stock worth $1,667,000 after buying an additional 4,600 shares during the last quarter. Finally, AXA boosted its stake in shares of Epiq Systems by 58.0% in the first quarter. AXA now owns 100,520 shares of the company’s stock worth $1,510,000 after buying an additional 36,880 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.
Epiq Systems Inc. (NASDAQ:EPIQ) remained flat at $16.49 during trading on Thursday. The stock has a 50-day moving average price of $16.46 and a 200-day moving average price of $15.27. The firm’s market cap is $628.70 million. Epiq Systems Inc. has a 1-year low of $10.50 and a 1-year high of $16.61.
Epiq Systems (NASDAQ:EPIQ) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The firm earned $130.65 million during the quarter, compared to analyst estimates of $146.74 million. Epiq Systems had a negative net margin of 2.80% and a positive return on equity of 10.00%. Epiq Systems’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts forecast that Epiq Systems Inc. will post $0.89 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Barrington Research cut shares of Epiq Systems from a “market perform” rating to an “underperform” rating in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of Epiq Systems from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, July 21st.
Epiq Systems Company Profile
Epiq Systems, Inc (Epiq) is a provider of professional services and integrated technology for the legal profession. The Company operates in two segments: the Technology segment (Technology), which provides eDiscovery managed services and technology solutions consisting of consulting, collections and forensics, processing, search and review, production of documents and document review services to companies and law firms, and the Bankruptcy and Settlement Administration segment (Bankruptcy and Settlement Administration), which provides managed services and technology solutions that address the needs of its customers with respect to litigation, claims and project administration, compliance matters, controlled disbursements, corporate restructuring, bankruptcy and class action proceedings.
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