Epiq Systems Inc. (EPIQ) Sees Strong Trading Volume
Shares of Epiq Systems Inc. (NASDAQ:EPIQ) saw strong trading volume on Thursday . 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 lowered shares of Epiq Systems from a “buy” rating to a “hold” rating in a report on Friday, July 22nd.
The company’s 50 day moving average price is $14.82 and its 200-day moving average price is $14.00. The stock’s market cap is $619.63 million.
Epiq Systems (NASDAQ:EPIQ) last issued its earnings results on Tuesday, May 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm earned $131.50 million during the quarter, compared to analysts’ expectations of $125.63 million. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, equities research analysts anticipate that Epiq Systems Inc. will post $0.89 earnings per share for the current year.
An institutional investor recently raised its position in Epiq Systems stock. First Trust Advisors LP boosted its stake in Epiq Systems Inc. (NASDAQ:EPIQ) by 87.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.
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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