Bottomline Technologies (EPAY) Receives $59.83 Consensus Price Target from Analysts

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Bottomline Technologies (NASDAQ:EPAY) has been given a consensus rating of “Buy” by the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $59.83.

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Bottomline Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, August 15th. Royal Bank of Canada increased their target price on Bottomline Technologies from $42.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 10th. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Finally, BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th.

In other news, CFO Richard Douglas Booth sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $65.65, for a total value of $374,205.00. Following the transaction, the chief financial officer now directly owns 116,967 shares in the company, valued at approximately $7,678,883.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Eberle sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $64.44, for a total value of $644,400.00. Following the completion of the transaction, the chief executive officer now owns 427,017 shares in the company, valued at $27,516,975.48. The disclosure for this sale can be found here. Insiders have sold 75,161 shares of company stock worth $4,690,411 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in shares of Bottomline Technologies by 6.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,995,735 shares of the technology company’s stock worth $99,447,000 after purchasing an additional 122,741 shares during the period. Janus Henderson Group PLC grew its stake in shares of Bottomline Technologies by 4.9% in the second quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after buying an additional 40,626 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Bottomline Technologies by 10.2% in the second quarter. Hood River Capital Management LLC now owns 648,920 shares of the technology company’s stock valued at $32,336,000 after buying an additional 60,210 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Bottomline Technologies by 13.2% in the second quarter. Bank of New York Mellon Corp now owns 557,178 shares of the technology company’s stock valued at $27,764,000 after buying an additional 64,839 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Bottomline Technologies by 29.2% in the first quarter. Stifel Financial Corp now owns 504,419 shares of the technology company’s stock valued at $19,542,000 after buying an additional 113,865 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

EPAY opened at $66.30 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.67 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.79 billion, a P/E ratio of 87.24 and a beta of 0.99. Bottomline Technologies has a 52 week low of $30.19 and a 52 week high of $67.47.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $101.05 million. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. equities analysts predict that Bottomline Technologies will post 0.73 earnings per share for the current fiscal year.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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