Epiq Systems Inc. (EPIQ) Reaches New 1-Year High at $16.61
Epiq Systems Inc. (NASDAQ:EPIQ) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.61 and last traded at $16.50, with a volume of 1,601,608 shares. The stock had previously closed at $16.30.
Separately, Zacks Investment Research downgraded shares of Epiq Systems from a “buy” rating to a “hold” rating in a report on Friday, July 22nd.
The stock has a 50-day moving average of $14.95 and a 200 day moving average of $14.12. The company’s market capitalization is $625.70 million.
Epiq Systems (NASDAQ:EPIQ) last released its earnings results on Tuesday, May 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $131.50 million for the quarter, compared to the consensus estimate of $125.63 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Analysts predict that Epiq Systems Inc. will post $0.90 EPS for the current fiscal year.
An institutional investor recently raised its position in Epiq Systems stock. First Trust Advisors LP boosted its stake in shares of Epiq Systems Inc. (NASDAQ:EPIQ) by 87.6% during the fourth quarter, according to its most recent disclosure 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 0.24% of Epiq Systems worth $1,194,000 at the end of the most recent quarter.
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.