Bottomline Technologies, Inc. (NASDAQ:EPAY) CEO Robert A. Eberle sold 12,601 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $33.51, for a total value of $422,259.51. Following the transaction, the chief executive officer now directly owns 366,499 shares in the company, valued at approximately $12,281,381.49. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) opened at $34.68 on Thursday. Bottomline Technologies, Inc. has a 12-month low of $21.52 and a 12-month high of $34.89. The firm has a market capitalization of $1,365.92, a PE ratio of 82.29, a P/E/G ratio of 5.86 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data 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 last year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities analysts predict that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on EPAY shares. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Royal Bank of Canada reissued a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price target 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 stock. The company has a consensus rating of “Buy” and an average target price of $34.00.
A number of hedge funds have recently modified their holdings of EPAY. Westfield Capital Management Co. LP bought a new stake in Bottomline Technologies during the third quarter valued at about $20,396,000. Rothschild Asset Management Inc. bought a new stake in Bottomline Technologies during the third quarter valued at about $15,977,000. Hood River Capital Management LLC bought a new stake in Bottomline Technologies during the second quarter valued at about $11,131,000. JPMorgan Chase & Co. boosted its position in Bottomline Technologies by 1,092.5% during the third quarter. JPMorgan Chase & Co. now owns 312,429 shares of the technology company’s stock valued at $10,001,000 after purchasing an additional 286,229 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its position in Bottomline Technologies by 209.6% during the third quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock valued at $10,488,000 after purchasing an additional 223,009 shares in the last quarter. 98.53% of the stock is currently owned by institutional investors.
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About Bottomline Technologies
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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