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.
ILLEGAL ACTIVITY WARNING: This story was first published by Macon Daily and is the property of of Macon Daily. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://macondaily.com/2019/04/16/bottomline-technologies-epay-insider-norman-j-deluca-sells-3352-shares-of-stock.html.
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.
See Also: Diversification in Your Portfolio
Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.