Bottomline Technologies, Inc. Forecasted to Post Q1 2019 Earnings of $0.31 Per Share (NASDAQ:EPAY)

Bottomline Technologies, Inc. (NASDAQ:EPAY) – First Analysis issued their Q1 2019 earnings per share estimates for shares of Bottomline Technologies in a report issued on Thursday, Zacks Investment Research reports. First Analysis analyst L. Berlin anticipates that the technology company will post earnings per share of $0.31 for the quarter.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89.70 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. Bottomline Technologies’s revenue was up 9.9% on a year-over-year basis.

Several other research analysts also recently commented on the company. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, November 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research note on Monday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Bottomline Technologies in a research note on Friday, November 3rd. Finally, Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.00.

Bottomline Technologies (NASDAQ EPAY) traded down $0.55 during midday trading on Friday, hitting $32.99. The stock had a trading volume of 316,393 shares, compared to its average volume of 339,885. Bottomline Technologies has a 1 year low of $21.52 and a 1 year high of $34.89. The company has a market capitalization of $1,357.82, a P/E ratio of 81.81, a P/E/G ratio of 5.82 and a beta of 1.16.

Several large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in Bottomline Technologies by 7.7% during the 3rd quarter. California Public Employees Retirement System now owns 75,383 shares of the technology company’s stock valued at $2,399,000 after buying an additional 5,383 shares in the last quarter. Zions Bancorporation purchased a new position in Bottomline Technologies during the 3rd quarter valued at approximately $253,000. Stifel Financial Corp grew its holdings in Bottomline Technologies by 6.9% during the 3rd quarter. Stifel Financial Corp now owns 381,525 shares of the technology company’s stock valued at $12,150,000 after buying an additional 24,715 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in Bottomline Technologies by 209.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock valued at $10,488,000 after buying an additional 223,009 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Bottomline Technologies during the 3rd quarter valued at approximately $20,396,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.

In related news, CFO Richard Douglas Booth sold 15,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $33.78, for a total transaction of $506,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer M. Gray sold 2,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $33.05, for a total value of $66,100.00. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $132,200. The disclosure for this sale can be found here. Insiders have sold 63,718 shares of company stock valued at $2,136,905 in the last quarter. 2.40% of the stock is currently owned by company insiders.

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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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