Bottomline Technologies, Inc. (NASDAQ:EPAY) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.25.
Several equities research analysts have recently weighed in on EPAY shares. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Bottomline Technologies in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $29.00 target price on shares of Bottomline Technologies in a research note on Monday, September 11th.
Bottomline Technologies (EPAY) opened at $34.80 on Friday. Bottomline Technologies has a 12 month low of $21.52 and a 12 month high of $36.47. The stock has a market cap of $1,400.33, a price-to-earnings ratio of -49.71, a price-to-earnings-growth ratio of 6.01 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The company had revenue of $91.30 million during the quarter, compared to the consensus estimate of $89.70 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Bottomline Technologies’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts forecast that Bottomline Technologies will post 0.48 earnings per share for the current fiscal year.
In other news, insider Norman J. Deluca sold 1,584 shares of the 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 sale, the insider now owns 99,633 shares in the company, valued at $3,293,866.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction 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 88,027 shares of company stock valued at $2,954,179 in the last quarter. Insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC purchased a new position in Bottomline Technologies during the second quarter worth about $201,000. Macquarie Group Ltd. purchased a new position in Bottomline Technologies during the third quarter worth about $204,000. LaSalle Street Capital Management LLC purchased a new position in Bottomline Technologies during the second quarter worth about $209,000. Crossmark Global Holdings Inc. purchased a new position in Bottomline Technologies during the third quarter worth about $217,000. Finally, FDx Advisors Inc. purchased a new position in Bottomline Technologies during the third quarter worth about $227,000. 98.53% of the stock is owned by hedge funds and other institutional investors.
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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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