The Swiss National Bank decides to keep it stake in Epiq Systems Inc. (EPIQ) to the level of $597,000

The Swiss National Bank decides to keep it stake in Epiq Systems Inc. (EPIQ) to the level of $597,000

Swiss National Bank held its position in shares of Epiq Systems Inc. (NASDAQ:EPIQ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,900 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.11% of Epiq Systems worth $597,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EPIQ. AXA increased its position 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 last quarter. JPMorgan Chase & Co. increased its stake in 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 last quarter. Kennedy Capital Management Inc. increased its stake in 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 last quarter. BlackRock Fund Advisors increased its stake in 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. Finally, Springbok Capital Management LLC increased its stake in Epiq Systems by 12.3% in the first quarter. Springbok Capital Management LLC now owns 12,336 shares of the company’s stock valued at $185,000 after buying an additional 1,354 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Epiq Systems Inc. (NASDAQ:EPIQ) remained flat at $16.49 during midday trading on Thursday. The firm has a 50 day moving average price of $16.48 and a 200-day moving average price of $15.35. Epiq Systems Inc. has a 1-year low of $10.50 and a 1-year high of $16.61. The company’s market cap is $628.70 million.

Epiq Systems (NASDAQ:EPIQ) last issued its earnings results on Tuesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Epiq Systems had a positive return on equity of 10.00% and a negative net margin of 2.80%. The firm earned $130.65 million during the quarter, compared to analysts’ expectations of $146.74 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Epiq Systems’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Epiq Systems Inc. will post $0.89 EPS for the current fiscal year.

Several equities research analysts recently commented on EPIQ shares. Zacks Investment Research upgraded Epiq Systems from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, July 21st. Barrington Research downgraded Epiq Systems from a “market perform” rating to an “underperform” rating in a report on Thursday, August 11th.

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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