Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 3,859 shares of Bottomline Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $40.71, for a total value of $157,099.89. Following the sale, the insider now directly owns 80,638 shares of the company’s stock, valued at approximately $3,282,772.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:EPAY traded up $0.12 during trading hours on Monday, reaching $39.25. The company had a trading volume of 263,228 shares, compared to its average volume of 282,807. Bottomline Technologies has a 1-year low of $37.04 and a 1-year high of $67.96. The firm has a market cap of $1.76 billion, a PE ratio of 40.46 and a beta of 0.97. The business’s 50 day moving average price is $40.05 and its 200-day moving average price is $43.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.70 and a quick ratio of 1.70.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.19. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The company had revenue of $108.24 million during the quarter, compared to the consensus estimate of $106.17 million. During the same period in the previous year, the company posted $0.35 earnings per share. Bottomline Technologies’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that Bottomline Technologies will post 0.65 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on EPAY shares. BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Raymond James lifted their target price on Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 5th. ValuEngine raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, DA Davidson lifted their target price on Bottomline Technologies to $42.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Bottomline Technologies currently has an average rating of “Buy” and a consensus target price of $58.92.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Bottomline Technologies by 2.8% in the second quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock valued at $263,918,000 after acquiring an additional 162,367 shares during the period. Vanguard Group Inc. lifted its holdings in Bottomline Technologies by 0.8% in the second quarter. Vanguard Group Inc. now owns 4,472,413 shares of the technology company’s stock valued at $197,860,000 after acquiring an additional 35,714 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Bottomline Technologies by 3.3% in the second quarter. Conestoga Capital Advisors LLC now owns 1,975,952 shares of the technology company’s stock valued at $87,416,000 after acquiring an additional 62,516 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its holdings in Bottomline Technologies by 6.4% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 732,407 shares of the technology company’s stock valued at $32,402,000 after acquiring an additional 44,084 shares during the period. Finally, KAMES CAPITAL plc lifted its holdings in Bottomline Technologies by 8.1% in the third quarter. KAMES CAPITAL plc now owns 616,548 shares of the technology company’s stock valued at $24,261,000 after acquiring an additional 46,150 shares during the period. 88.89% of the stock is owned by institutional investors.
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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