EPIQ Systems (EPIQ) was Downgraded by Barrington Research to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Barrington Research advised their investors in a research report released on Aug 11, 2016.
On the company’s financial health, EPIQ Systems reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.22. The company had revenue of $130.65 million for the quarter, compared to analysts expectations of $135.83 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
EPIQ Systems opened for trading at $16.38 and hit $16.39 on the upside on Monday, eventually ending the session at $16.32, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 1,86,789 shares. Company has a market cap of $619 M.
Epiq Systems Inc. is a global provider of integrated technology solutions for the legal profession. The Company offers these capabilities across a variety of practice areas including bankruptcy litigation class action antitrust investigations and regulatory compliance. It offers managed technology solutions for eDiscovery document review and legal notification. The Company operates in two segments: the Technology segment which provides eDiscovery managed services and technology solutions comprised 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 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.