Fisher Asset Management LLC lifted its stake in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575,127 shares of the technology company’s stock after purchasing an additional 41,731 shares during the quarter. Fisher Asset Management LLC owned about 1.42% of Bottomline Technologies worth $18,306,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of EPAY. BlackRock Inc. raised its stake in shares of Bottomline Technologies by 9,565.3% during the first quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after purchasing an additional 5,357,259 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Bottomline Technologies during the second quarter valued at about $11,131,000. Prudential Financial Inc. raised its position in Bottomline Technologies by 109.2% in the second quarter. Prudential Financial Inc. now owns 348,385 shares of the technology company’s stock worth $8,950,000 after acquiring an additional 181,890 shares in the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Bottomline Technologies by 19.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 906,505 shares of the technology company’s stock worth $23,287,000 after acquiring an additional 145,875 shares in the last quarter. Finally, Bernzott Capital Advisors raised its position in Bottomline Technologies by 17.3% in the second quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock worth $25,303,000 after acquiring an additional 144,975 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.
In related news, insider John Francis Kelly sold 3,977 shares of Bottomline Technologies stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the transaction, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 1,584 shares of Bottomline Technologies stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the transaction, the insider now directly owns 99,633 shares in the company, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. Insiders sold a total of 8,474 shares of company stock worth $268,161 in the last three months. 2.40% of the stock is currently owned by company insiders.
EPAY has been the topic 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. Royal Bank of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. FIX upgraded 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. 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. Finally, Raymond James Financial, Inc. upgraded 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.
Shares of Bottomline Technologies, Inc. (EPAY) traded up $0.07 on Friday, reaching $33.37. The company had a trading volume of 451,500 shares, compared to its average volume of 331,842. The stock has a market cap of $1,348.10, a PE ratio of 81.22, a P/E/G ratio of 5.78 and a beta of 1.16. Bottomline Technologies, Inc. has a 1 year low of $21.52 and a 1 year high of $34.89.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.70 million. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. Bottomline Technologies’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. analysts expect that Bottomline Technologies, Inc. will post 0.48 EPS for the current fiscal year.
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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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