Bottomline Technologies (NASDAQ:EPAY) Director Jennifer M. Gray sold 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $44.97, for a total value of $89,940.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $269,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:EPAY opened at $45.83 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of 60.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. Bottomline Technologies has a 52 week low of $39.78 and a 52 week high of $74.05.
Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The business had revenue of $106.44 million for the quarter, compared to the consensus estimate of $104.46 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Bottomline Technologies will post 0.58 earnings per share for the current year.
A number of analysts have recently commented on EPAY shares. BidaskClub cut Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. TheStreet cut shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $57.00 price objective (down previously from $66.00) on shares of Bottomline Technologies in a research note on Friday, May 3rd. Finally, Raymond James lowered shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $65.00 to $55.00 in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.61.
A number of institutional investors and hedge funds have recently bought and sold shares of EPAY. LS Investment Advisors LLC raised its stake in Bottomline Technologies by 5.5% in the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $196,000 after acquiring an additional 205 shares during the period. First Hawaiian Bank increased its position in shares of Bottomline Technologies by 31.0% in the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after purchasing an additional 247 shares during the last quarter. Nicolet Bankshares Inc. boosted its stake in Bottomline Technologies by 1.6% in the fourth quarter. Nicolet Bankshares Inc. now owns 16,125 shares of the technology company’s stock worth $774,000 after buying an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Bottomline Technologies by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,176 shares of the technology company’s stock valued at $710,000 after purchasing an additional 256 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Bottomline Technologies by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the technology company’s stock valued at $701,000 after purchasing an additional 278 shares during the period. 90.10% of the stock is currently owned by hedge funds and other institutional investors.
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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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