Rothschild Asset Management Inc. lowered its holdings in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 784,621 shares of the technology company’s stock after selling 14,592 shares during the quarter. Rothschild Asset Management Inc. owned approximately 1.93% of Bottomline Technologies worth $30,404,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $1,560,000. Balter Liquid Alternatives LLC bought a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $398,000. Hudson Bay Capital Management LP bought a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $2,657,000. First Trust Advisors LP bought a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $2,492,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Bottomline Technologies by 32.0% in the 4th quarter. Renaissance Technologies LLC now owns 758,542 shares of the technology company’s stock valued at $26,306,000 after purchasing an additional 183,700 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.
Several equities research analysts have recently commented on EPAY shares. Needham & Company LLC boosted their price target on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, March 13th. Citigroup started coverage on shares of Bottomline Technologies in a report on Wednesday, March 28th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a research note on Tuesday, April 3rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $39.86.
In related news, insider Nigel K. Savory sold 11,125 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $39.14, for a total transaction of $435,432.50. Following the completion of the transaction, the insider now owns 127,441 shares in the company, valued at approximately $4,988,040.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $37.13, for a total transaction of $74,260.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $185,650. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,494 shares of company stock valued at $1,292,258. 2.40% of the stock is currently owned by company insiders.
NASDAQ EPAY opened at $46.00 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $1.84 billion, a P/E ratio of 131.43 and a beta of 0.99. Bottomline Technologies, Inc. has a 52 week low of $44.41 and a 52 week high of $45.07.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $101.14 million during the quarter, compared to analyst estimates of $96.99 million. Bottomline Technologies had a negative net margin of 2.05% and a positive return on equity of 7.86%. Bottomline Technologies’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. research analysts forecast that Bottomline Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.
About Bottomline Technologies
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.
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