Bottomline Technologies (NASDAQ:EPAY) had its price objective lifted by analysts at Needham & Company LLC to $45.00 in a research note issued to investors on Friday, February 2nd. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 20.74% from the stock’s previous close.
Separately, Zacks Investment Research raised shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $35.40.
Bottomline Technologies (NASDAQ:EPAY) opened at $37.27 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 1.71. Bottomline Technologies has a 12-month low of $21.52 and a 12-month high of $39.50. The company has a market cap of $1,520.00, a PE ratio of -103.53 and a beta of 1.12.
Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The firm had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $92.51 million. During the same quarter last year, the company posted $0.26 earnings per share. Bottomline Technologies’s revenue was up 9.8% on a year-over-year basis. research analysts forecast that Bottomline Technologies will post 0.53 EPS for the current fiscal year.
In other Bottomline Technologies news, insider Norman J. Deluca sold 9,708 shares of Bottomline Technologies stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $33.58, for a total value of $325,994.64. Following the transaction, the insider now owns 89,925 shares in the company, valued at $3,019,681.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ken D’amato sold 2,000 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $34.51, for a total transaction of $69,020.00. Following the completion of the transaction, the director now owns 18,000 shares in the company, valued at approximately $621,180. The disclosure for this sale can be found here. Insiders have sold 39,309 shares of company stock worth $1,323,974 in the last quarter. Company insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Bottomline Technologies by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 164,859 shares of the technology company’s stock valued at $4,236,000 after buying an additional 1,590 shares during the period. Teachers Advisors LLC boosted its stake in shares of Bottomline Technologies by 9.3% during the 2nd quarter. Teachers Advisors LLC now owns 73,952 shares of the technology company’s stock valued at $1,900,000 after buying an additional 6,277 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Bottomline Technologies by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 118,347 shares of the technology company’s stock valued at $3,040,000 after buying an additional 633 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Bottomline Technologies by 19.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 426,499 shares of the technology company’s stock valued at $10,957,000 after buying an additional 69,377 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Bottomline Technologies by 3.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,840 shares of the technology company’s stock valued at $561,000 after purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.
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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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