Brokerages predict that Bottomline Technologies, Inc. (NASDAQ:EPAY) will report sales of $96.61 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $96.30 million to $96.91 million. Bottomline Technologies reported sales of $86.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Bottomline Technologies will report full year sales of $382.09 million for the current year, with estimates ranging from $376.00 million to $386.00 million. For the next year, analysts forecast that the firm will post sales of $420.89 million per share, with estimates ranging from $409.80 million to $428.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Bottomline Technologies.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share for the quarter, beating 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 business 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 firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis.
EPAY has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Bottomline Technologies in a research note on Wednesday, March 28th. They set a “buy” rating and a $46.00 target price for the company. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, March 13th. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research note on Tuesday, April 3rd. Finally, Needham & Company LLC raised their target price on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Bottomline Technologies presently has a consensus rating of “Buy” and an average target price of $38.33.
In other news, Director Jennifer M. Gray sold 2,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $37.13, for a total transaction of $74,260.00. Following the sale, the director now owns 5,000 shares in the company, valued at $185,650. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nigel K. Savory sold 11,125 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $39.14, for a total transaction of $435,432.50. Following the sale, the insider now owns 127,441 shares in the company, valued at approximately $4,988,040.74. The disclosure for this sale can be found here. Insiders have sold 27,863 shares of company stock valued at $1,066,720 in the last ninety days. Insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Bottomline Technologies during the fourth quarter valued at approximately $205,000. Macquarie Group Ltd. purchased a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $204,000. Alambic Investment Management L.P. purchased a new stake in shares of Bottomline Technologies during the fourth quarter valued at approximately $264,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Bottomline Technologies during the fourth quarter valued at approximately $272,000. Finally, FDx Advisors Inc. grew its holdings in shares of Bottomline Technologies by 28.4% during the fourth quarter. FDx Advisors Inc. now owns 9,172 shares of the technology company’s stock valued at $318,000 after buying an additional 2,026 shares during the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.
Shares of NASDAQ EPAY remained flat at $$40.26 on Friday. 163,694 shares of the company’s stock were exchanged, compared to its average volume of 326,400. Bottomline Technologies has a fifty-two week low of $21.52 and a fifty-two week high of $40.97. The company has a market capitalization of $1,650.41, a P/E ratio of 115.03 and a beta of 0.98. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.53.
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About Bottomline Technologies
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.
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