Bottomline Technologies (NASDAQ:EPAY) had its price objective upped by equities research analysts at Needham & Company LLC to $45.00 in a research report issued on Friday, February 2nd. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target points to a potential upside of 25.84% from the stock’s current price.
Separately, Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.40.
Shares of Bottomline Technologies (NASDAQ:EPAY) opened at $35.76 on Friday. Bottomline Technologies has a fifty-two week low of $21.52 and a fifty-two week high of $39.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $1,441.71, a price-to-earnings ratio of 69.49 and a beta of 1.12.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, February 1st. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Bottomline Technologies had a positive return on equity of 7.20% and a negative net margin of 3.67%. The company had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.51 million. During the same quarter last year, the company earned $0.26 earnings per share. Bottomline Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. equities research analysts expect that Bottomline Technologies will post 0.53 EPS for the current year.
In other Bottomline Technologies news, Director Ken D’amato sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the sale, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $621,180. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert A. Eberle sold 30,907 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $33.45, for a total value of $1,033,839.15. Following the completion of the sale, the insider now directly owns 379,100 shares in the company, valued at $12,680,895. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,530 shares of company stock valued at $2,803,498. 2.40% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in shares of Bottomline Technologies in the 2nd quarter valued at about $201,000. Macquarie Group Ltd. acquired a new position in shares of Bottomline Technologies in the 3rd quarter valued at about $204,000. Crossmark Global Holdings Inc. acquired a new position in shares of Bottomline Technologies in the 3rd quarter valued at about $217,000. FDx Advisors Inc. acquired a new position in shares of Bottomline Technologies in the 3rd quarter valued at about $227,000. Finally, Zions Bancorporation acquired a new position in shares of Bottomline Technologies in the 3rd quarter valued at about $253,000. 95.40% of the stock is currently 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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