Epiq Systems Inc. (EPIQ) Sees Strong Trading Volume
Shares of Epiq Systems Inc. (NASDAQ:EPIQ) saw unusually-high trading volume on Thursday . Approximately 614,811 shares were traded during trading, an increase of 196% from the previous session’s volume of 207,377 shares.The stock last traded at $16.52 and had previously closed at $16.35.
Separately, Zacks Investment Research downgraded Epiq Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd.
The firm’s market capitalization is $620.77 million. The firm has a 50 day moving average of $14.78 and a 200 day moving average of $13.98.
Epiq Systems (NASDAQ:EPIQ) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. During the same period last year, the company earned $0.15 EPS. The business earned $131.50 million during the quarter, compared to analyst estimates of $125.63 million. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts forecast that Epiq Systems Inc. will post $0.89 EPS for the current year.
An institutional investor recently raised its position in Epiq Systems stock. First Trust Advisors LP raised its stake in shares of Epiq Systems Inc. (NASDAQ:EPIQ) by 87.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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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