GW&K Investment Management LLC grew its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,836 shares of the technology company’s stock after buying an additional 34,633 shares during the quarter. GW&K Investment Management LLC owned approximately 0.29% of Bottomline Technologies worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Bottomline Technologies during the second quarter worth approximately $201,000. Macquarie Group Ltd. acquired a new position in Bottomline Technologies in the third quarter valued at approximately $204,000. Crossmark Global Holdings Inc. acquired a new position in Bottomline Technologies in the third quarter valued at approximately $217,000. FDx Advisors Inc. acquired a new position in Bottomline Technologies in the third quarter valued at approximately $227,000. Finally, Zions Bancorporation acquired a new position in Bottomline Technologies in the third quarter valued at approximately $253,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
In other Bottomline Technologies news, CFO Richard Douglas Booth sold 15,000 shares of Bottomline Technologies stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $33.78, for a total value of $506,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer M. Gray sold 2,000 shares of Bottomline Technologies 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 completion of 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. In the last quarter, insiders sold 83,530 shares of company stock valued at $2,803,498. Corporate insiders own 2.40% of the company’s stock.
Shares of Bottomline Technologies (NASDAQ EPAY) traded up $0.67 during mid-day trading on Wednesday, hitting $36.96. 446,069 shares of the stock traded hands, compared to its average volume of 315,364. The company has a market capitalization of $1,480.00, a P/E ratio of -102.67 and a beta of 1.12. Bottomline Technologies has a 52 week low of $21.52 and a 52 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.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.51 million. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. sell-side analysts predict that Bottomline Technologies will post 0.53 earnings per share for the current fiscal year.
EPAY has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Bottomline Technologies in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.40.
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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.
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