Bottomline Technologies, Inc. (EPAY) Expected to Post Earnings of $0.25 Per Share

Equities research analysts forecast that Bottomline Technologies, Inc. (NASDAQ:EPAY) will announce earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bottomline Technologies’ earnings. Bottomline Technologies reported earnings of $0.22 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Bottomline Technologies will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.08. For the next financial year, analysts anticipate that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.19 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12). The business had revenue of $93.50 million during the quarter, compared to analyst estimates of $90.95 million. Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS.

EPAY has been the subject of several research reports. BidaskClub upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and set a $29.00 price objective on shares of Bottomline Technologies in a research report on Friday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of Bottomline Technologies in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bottomline Technologies currently has a consensus rating of “Buy” and an average price target of $32.00.

In other news, insider John Francis Kelly sold 3,977 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the transaction, the insider now directly owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 1,584 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.06, for a total transaction of $52,367.04. Following the transaction, the insider now directly owns 99,633 shares in the company, valued at $3,293,866.98. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Eagle Boston Investment Management Inc. grew its stake in shares of Bottomline Technologies by 0.7% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 352,777 shares of the technology company’s stock worth $9,062,000 after purchasing an additional 2,356 shares during the period. BlackRock Inc. grew its stake in shares of Bottomline Technologies by 9,565.3% during the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock worth $128,023,000 after purchasing an additional 5,357,259 shares during the period. State Street Corp grew its stake in shares of Bottomline Technologies by 9.1% during the 1st quarter. State Street Corp now owns 946,465 shares of the technology company’s stock worth $22,386,000 after purchasing an additional 78,904 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Bottomline Technologies by 7.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 21,190 shares of the technology company’s stock worth $501,000 after purchasing an additional 1,480 shares during the period. Finally, Comerica Bank grew its stake in shares of Bottomline Technologies by 7.0% during the 1st quarter. Comerica Bank now owns 42,018 shares of the technology company’s stock worth $964,000 after purchasing an additional 2,747 shares during the period. 89.70% of the stock is currently owned by institutional investors and hedge funds.

Bottomline Technologies (NASDAQ:EPAY) traded down 0.27% during mid-day trading on Thursday, hitting $32.83. 264,241 shares of the stock were exchanged. The firm’s market cap is $1.23 billion. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $34.44. The company has a 50 day moving average price of $31.76 and a 200 day moving average price of $27.41.

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Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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