UPDATE: William Blair Starts EPIQ Systems (EPIQ) at Outperform; Broad Suite of Solutions in Electronic Discovery Sector

May 25, 2012 7:22 AM EDT
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Price: $16.49 --0%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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(Updated - May 25, 2012 12:55 PM EDT)

William Blair initiates coverage on EPIQ Systems (NASDAQ: EPIQ) with an Outperform.

Analyst, Tim McHugh said, "Epiq Systems is still primarily known as a provider of bankruptcy administration technology, which is a countercyclical, mature product offering...However, Epiq now generates two-thirds of its revenue from the electronic discovery sector—the fastest-growing piece of the business. We believe viewing the company as solely a provider of bankruptcy technology misses the broader opportunity within the legal services and technology sector, which we believe is being transformed by secular trends."

For an analyst ratings summary and ratings history on EPIQ Systems click here. For more ratings news on EPIQ Systems click here.

Shares of EPIQ Systems closed at $10.78 yesterday.

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