Bottomline Technologies (EPAY) Insider Norman J. Deluca Sells 3,352 Shares of Stock

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Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 3,352 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $47.81, for a total transaction of $160,259.12. Following the completion of the sale, the insider now owns 76,990 shares of the company’s stock, valued at $3,680,891.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:EPAY opened at $47.64 on Tuesday. The firm has a market cap of $2.08 billion, a P/E ratio of 62.68, a P/E/G ratio of 7.13 and a beta of 0.94. Bottomline Technologies has a one year low of $38.49 and a one year high of $74.05. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.30.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, January 31st. The technology company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $104.85 million during the quarter, compared to analysts’ expectations of $103.73 million. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. As a group, analysts forecast that Bottomline Technologies will post 0.57 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research note on Monday, February 4th. Raymond James reduced their price objective on shares of Bottomline Technologies from $77.00 to $65.00 in a research note on Monday, February 4th. DA Davidson boosted their price objective on shares of Bottomline Technologies from $1.52 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, February 1st. Finally, Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Bottomline Technologies currently has an average rating of “Buy” and a consensus price target of $61.78.

A number of large investors have recently added to or reduced their stakes in EPAY. Norges Bank acquired a new position in Bottomline Technologies during the 4th quarter valued at $22,886,000. Vanguard Group Inc raised its stake in Bottomline Technologies by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after purchasing an additional 233,817 shares during the last quarter. Vanguard Group Inc. raised its stake in Bottomline Technologies by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after purchasing an additional 233,817 shares during the last quarter. BlackRock Inc. raised its stake in Bottomline Technologies by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,712,147 shares of the technology company’s stock valued at $274,184,000 after purchasing an additional 183,249 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bottomline Technologies by 30.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 538,195 shares of the technology company’s stock valued at $39,130,000 after purchasing an additional 125,106 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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About Bottomline Technologies

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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