Epiq Systems Inc. (NASDAQ:EPIQ) shares rose 13.5% during trading on Wednesday . The stock traded as high as $16.48 and last traded at $16.37, with a volume of 1,316,788 shares. The stock had previously closed at $14.42.

Separately, Zacks Investment Research upgraded shares of Epiq Systems from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, July 21st.

The firm has a 50 day moving average of $14.71 and a 200 day moving average of $13.94. The company’s market capitalization is $620.01 million.

Epiq Systems (NASDAQ:EPIQ) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The company had revenue of $131.50 million for the quarter, compared to analysts’ expectations of $125.63 million. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Analysts expect that Epiq Systems Inc. will post $0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Monday, May 23rd were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 2.20%.

A hedge fund recently raised its stake in Epiq Systems stock. First Trust Advisors LP increased its stake in Epiq Systems Inc. (NASDAQ:EPIQ) by 87.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,353 shares of the company’s stock after buying an additional 42,650 shares during the period. First Trust Advisors LP owned approximately 0.24% of Epiq Systems worth $1,194,000 as of its most recent filing with the SEC.

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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