Shares of Bottomline Technologies (NASDAQ:EPAY) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $36.80.
Several brokerages have issued reports on EPAY. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, March 13th. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, Needham & Company LLC lifted their target price on Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research note on Friday, February 2nd.
In other news, insider Robert A. Eberle sold 9,078 shares of Bottomline Technologies stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.25, for a total value of $338,155.50. Following the completion of the sale, the insider now directly owns 347,341 shares of the company’s stock, valued at approximately $12,938,452.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Douglas Booth sold 5,660 shares of Bottomline Technologies stock in a transaction on Monday, March 5th. The shares were sold at an average price of $38.67, for a total value of $218,872.20. Following the completion of the sale, the chief financial officer now directly owns 97,243 shares of the company’s stock, valued at $3,760,386.81. The disclosure for this sale can be found here. Insiders sold a total of 27,863 shares of company stock valued at $1,066,720 over the last three months. Insiders own 2.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in EPAY. State Street Corp grew its stake in shares of Bottomline Technologies by 4.3% during the second quarter. State Street Corp now owns 986,721 shares of the technology company’s stock worth $25,348,000 after purchasing an additional 40,256 shares during the period. Nationwide Fund Advisors grew its stake in shares of Bottomline Technologies by 4.9% during the third quarter. Nationwide Fund Advisors now owns 330,076 shares of the technology company’s stock worth $10,506,000 after purchasing an additional 15,517 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Bottomline Technologies during the third quarter worth $217,000. Bessemer Group Inc. grew its stake in shares of Bottomline Technologies by 122.6% during the third quarter. Bessemer Group Inc. now owns 50,300 shares of the technology company’s stock worth $1,601,000 after purchasing an additional 27,700 shares during the period. Finally, Global X MANAGEMENT CO LLC grew its stake in shares of Bottomline Technologies by 53.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,799 shares of the technology company’s stock worth $280,000 after purchasing an additional 3,047 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.
Shares of Bottomline Technologies (EPAY) traded down $0.18 on Wednesday, reaching $38.72. The company’s stock had a trading volume of 291,930 shares, compared to its average volume of 326,027. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $39.99. The company has a market cap of $1,582.47, a P/E ratio of -109.65 and a beta of 1.03.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Bottomline Technologies had a positive return on equity of 7.20% and a negative net margin of 3.67%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.51 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. sell-side analysts forecast that Bottomline Technologies will post 0.54 EPS for the current fiscal year.
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Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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