Bottomline Technologies, Inc. (EPAY) Insider Norman J. Deluca Sells 1,584 Shares

Bottomline Technologies, Inc. (NASDAQ:EPAY) insider Norman J. Deluca sold 1,584 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total transaction of $52,367.04. Following the completion of the transaction, the insider now owns 99,633 shares in the company, valued at $3,293,866.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Bottomline Technologies, Inc. (EPAY) traded down 1.39% during midday trading on Friday, hitting $32.70. 416,373 shares of the stock were exchanged. The firm has a 50-day moving average of $32.08 and a 200-day moving average of $27.78. Bottomline Technologies, Inc. has a 1-year low of $21.52 and a 1-year high of $34.44. The company’s market capitalization is $1.22 billion.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.12). The firm had revenue of $93.50 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. On average, equities analysts expect that Bottomline Technologies, Inc. will post $1.06 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. raised its holdings in Bottomline Technologies by 0.3% in the second quarter. First Mercantile Trust Co. now owns 13,203 shares of the technology company’s stock worth $339,000 after buying an additional 39 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Bottomline Technologies by 0.9% in the first quarter. California Public Employees Retirement System now owns 70,300 shares of the technology company’s stock worth $1,663,000 after acquiring an additional 600 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Bottomline Technologies by 7.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the technology company’s stock worth $229,000 after acquiring an additional 600 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Bottomline Technologies by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 118,347 shares of the technology company’s stock worth $3,040,000 after acquiring an additional 633 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in shares of Bottomline Technologies by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 21,840 shares of the technology company’s stock worth $561,000 after acquiring an additional 650 shares during the period. 89.64% of the stock is owned by institutional investors and hedge funds.

EPAY has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of Bottomline Technologies in a research note on Wednesday, July 5th. BidaskClub raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. UBS AG raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Raymond James Financial, Inc. raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. Finally, FIX raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bottomline Technologies has a consensus rating of “Buy” and a consensus target price of $32.00.

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.

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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