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

Separately, Zacks Investment Research lowered shares of Epiq Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd.

The firm’s 50-day moving average is $14.78 and its 200 day moving average is $13.98. The firm’s market cap is $621.15 million.

Epiq Systems (NASDAQ:EPIQ) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The firm earned $131.50 million during the quarter, compared to analyst estimates of $125.63 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. Epiq Systems’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities research analysts expect that Epiq Systems Inc. will post $0.89 EPS for the current year.

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 Form 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 about 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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