Insider Selling: Bottomline Technologies (EPAY) CFO Sells 5,700 Shares of Stock

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Bottomline Technologies (NASDAQ:EPAY) CFO Richard Douglas Booth sold 5,700 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $65.65, for a total value of $374,205.00. Following the completion of the sale, the chief financial officer now directly owns 116,967 shares in the company, valued at $7,678,883.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:EPAY traded up $0.42 during midday trading on Friday, reaching $66.30. 298,900 shares of the company’s stock traded hands, compared to its average volume of 373,078. The company has a market cap of $2.77 billion, a P/E ratio of 86.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.67. Bottomline Technologies has a one year low of $30.19 and a one year high of $67.47.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $106.50 million for the quarter, compared to the consensus estimate of $101.05 million. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. sell-side analysts anticipate that Bottomline Technologies will post 0.73 earnings per share for the current year.

Several large investors have recently made changes to their positions in EPAY. SG Americas Securities LLC bought a new position in Bottomline Technologies in the first quarter valued at about $103,000. Mount Yale Investment Advisors LLC bought a new position in Bottomline Technologies in the first quarter valued at about $137,000. Janney Montgomery Scott LLC bought a new position in Bottomline Technologies in the second quarter valued at about $202,000. Raymond James & Associates bought a new position in Bottomline Technologies in the second quarter valued at about $204,000. Finally, Bayesian Capital Management LP bought a new position in Bottomline Technologies in the first quarter valued at about $208,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on EPAY shares. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, May 10th. Citigroup reaffirmed a “positive” rating and issued a $58.00 price target on shares of Bottomline Technologies in a research note on Monday, July 2nd. BidaskClub cut Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Needham & Company LLC upped their price target on Bottomline Technologies from $48.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Craig Hallum reissued a “buy” rating and issued a $63.00 target price on shares of Bottomline Technologies in a report on Friday, August 10th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Bottomline Technologies currently has an average rating of “Buy” and an average target price of $59.83.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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