California Public Employees Retirement System boosted its stake in shares of Epiq Systems Inc. (NASDAQ:EPIQ) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 114,200 shares of the company’s stock after buying an additional 4,600 shares during the period. California Public Employees Retirement System owned about 0.30% of Epiq Systems worth $1,667,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes 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 period. JPMorgan Chase & Co. raised its stake in shares of Epiq Systems by 2,564.8% in the first quarter. JPMorgan Chase & Co. now owns 671,269 shares of the company’s stock valued at $10,082,000 after buying an additional 646,079 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of Epiq Systems by 1.6% in the first quarter. Kennedy Capital Management Inc. now owns 204,146 shares of the company’s stock valued at $3,066,000 after buying an additional 3,262 shares during the period. AXA raised 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 valued at $1,510,000 after buying an additional 36,880 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Epiq Systems by 12.1% in the first quarter. Prudential Financial Inc. now owns 82,720 shares of the company’s stock valued at $1,242,000 after buying an additional 8,952 shares during the period. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
Epiq Systems Inc. (NASDAQ:EPIQ) remained flat at $16.49 during midday trading on Friday. The company’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. The firm’s 50 day moving average is $16.47 and its 200-day moving average is $15.30.
Epiq Systems (NASDAQ:EPIQ) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $130.65 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Epiq Systems Inc. will post $0.89 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Barrington Research lowered shares of Epiq Systems from a “market perform” rating to an “underperform” rating in a report on Thursday, August 11th. Zacks Investment Research raised shares of Epiq Systems from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, July 21st.
About Epiq Systems
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.
Want to see what other hedge funds are holding EPIQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Epiq Systems Inc. (NASDAQ:EPIQ).
Receive News & Ratings for Epiq Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Epiq Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.