Penbrook Management Lowers stake in EPIQ Systems (EPIQ)

EPIQ Systems (EPIQ) : Penbrook Management reduced its stake in EPIQ Systems by 3.93% during the most recent quarter end. The investment management company now holds a total of 21,265 shares of EPIQ Systems which is valued at $322,165 after selling 870 shares in EPIQ Systems , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EPIQ Systems makes up approximately 0.35% of Penbrook Management’s portfolio.

EPIQ Systems opened for trading at $14.94 and hit $15.05 on the upside on Wednesday, eventually ending the session at $14.97, with a gain of 0.34% or 0.05 points. The heightened volatility saw the trading volume jump to 58,025 shares. Company has a market cap of $564 M.

Other Hedge Funds, Including , Simplex Trading added EPIQ to its portfolio by purchasing 1,046 company shares during the most recent quarter which is valued at $16,223.1st Global Advisors reduced its stake in EPIQ by selling 2,318 shares or 10.08% in the most recent quarter. The Hedge Fund company now holds 20,671 shares of EPIQ which is valued at $320,607. EPIQ Systems makes up approx 0.04% of 1st Global Advisors’s portfolio. Integrated Investment Consultants added EPIQ to its portfolio by purchasing 4,032 company shares during the most recent quarter which is valued at $62,536. EPIQ Systems makes up approx 0.04% of Integrated Investment Consultants’s portfolio.Eqis Capital Management reduced its stake in EPIQ by selling 546 shares or 4.75% in the most recent quarter. The Hedge Fund company now holds 10,939 shares of EPIQ which is valued at $155,334. EPIQ Systems makes up approx 0.01% of Eqis Capital Management’s portfolio. Creative Planning sold out all of its stake in EPIQ during the most recent quarter. The investment firm sold 225 shares of EPIQ which is valued $3,195.

On the company’s financial health, EPIQ Systems reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $0.25. The company had revenue of $136.30 million for the quarter, compared to analysts expectations of $131.39 million. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Epiq Systems Inc. is a global provider of integrated technology solutions for the legal profession. The Company offers these capabilities across a variety of practice areas including bankruptcy litigation class action antitrust investigations and regulatory compliance. It offers managed technology solutions for eDiscovery document review and legal notification. The Company operates in two segments: the Technology segment which provides eDiscovery managed services and technology solutions comprised 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 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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