Parametric Portfolio Associates LLC Purchases 26,391 Shares of Bottomline Technologies, Inc. (EPAY)

Parametric Portfolio Associates LLC grew its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 17.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,703 shares of the technology company’s stock after purchasing an additional 26,391 shares during the period. Parametric Portfolio Associates LLC owned about 0.47% of Bottomline Technologies worth $4,591,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in shares of Bottomline Technologies by 0.3% in the second quarter. First Mercantile Trust Co. now owns 13,203 shares of the technology company’s stock valued at $339,000 after buying an additional 39 shares during the last quarter. California Public Employees Retirement System raised its holdings 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 valued at $1,663,000 after buying an additional 600 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings 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 valued at $229,000 after buying an additional 600 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings 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 valued at $3,040,000 after buying an additional 633 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings 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 valued at $561,000 after buying an additional 650 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

EPAY has been the subject of several recent research reports. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. BidaskClub cut Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 28th. FIX raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Raymond James Financial, Inc. raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Bottomline Technologies in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.00.

Bottomline Technologies, Inc. (EPAY) traded up $0.07 during trading on Friday, hitting $33.37. The stock had a trading volume of 451,500 shares, compared to its average volume of 331,842. The firm has a market cap of $1,348.10, a price-to-earnings ratio of 81.22, a P/E/G ratio of 5.78 and a beta of 1.16. Bottomline Technologies, Inc. has a 52 week low of $21.52 and a 52 week high of $34.89.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The business had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.70 million. During the same period in the previous year, the firm earned $0.22 EPS. Bottomline Technologies’s quarterly revenue was up 9.9% compared to the same quarter last year. sell-side analysts anticipate that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.

In other Bottomline Technologies news, insider Norman J. Deluca sold 1,584 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 99,633 shares of the company’s stock, valued at approximately $3,293,866.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Francis Kelly sold 2,913 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $33.75, for a total value of $98,313.75. Following the sale, the insider now owns 35,549 shares in the company, valued at approximately $1,199,778.75. The disclosure for this sale can be found here. Insiders sold a total of 8,474 shares of company stock valued at $268,161 over the last quarter. 2.40% of the stock is owned by insiders.

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Bottomline Technologies 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.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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