EPIQ Systems (NASDAQ: EPIQ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a $14.40 target price on the stock. Zacks‘ price target would suggest a potential upside of 7.14% from the company’s current price.
Separately, analysts at William Blair downgraded shares of EPIQ Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, May 22nd.
Shares of EPIQ Systems (NASDAQ: EPIQ) traded down 1.90% during mid-day trading on Tuesday, hitting $13.44. EPIQ Systems has a one year low of $10.21 and a one year high of $14.40. The stock’s 50-day moving average is currently $13.36. The company has a market cap of $487.3 million and a P/E ratio of 20.79.
EPIQ Systems (NASDAQ: EPIQ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $102.90 million for the quarter, compared to the consensus estimate of $99.27 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that EPIQ Systems will post $1.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 9th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, July 30th.
Epiq Systems, Inc is a provider of integrated technology solutions for the legal profession. It offers technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds.
To view Zacks’ full report, visit www.zacks.com