Bottomline Technologies, Inc. (NASDAQ:EPAY) CEO Robert A. Eberle sold 19,591 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $46.55, for a total transaction of $911,961.05. Following the transaction, the chief executive officer now owns 381,819 shares in the company, valued at $17,773,674.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bottomline Technologies opened at $47.51 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 84.84 and a beta of 0.99. Bottomline Technologies, Inc. has a twelve month low of $23.62 and a twelve month high of $49.31.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, May 3rd. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $101.14 million for the quarter, compared to analysts’ expectations of $96.99 million. Bottomline Technologies had a negative net margin of 2.05% and a positive return on equity of 7.86%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. research analysts anticipate that Bottomline Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH purchased a new position in Bottomline Technologies in the first quarter valued at about $357,000. Amalgamated Bank bought a new stake in shares of Bottomline Technologies in the first quarter valued at approximately $219,000. Principal Financial Group Inc. raised its position in shares of Bottomline Technologies by 1.3% in the first quarter. Principal Financial Group Inc. now owns 266,752 shares of the technology company’s stock valued at $10,337,000 after purchasing an additional 3,339 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Bottomline Technologies by 28.7% in the first quarter. Xact Kapitalforvaltning AB now owns 7,623 shares of the technology company’s stock valued at $295,000 after purchasing an additional 1,700 shares during the period. Finally, Natixis raised its position in shares of Bottomline Technologies by 9.5% in the first quarter. Natixis now owns 89,548 shares of the technology company’s stock valued at $3,470,000 after purchasing an additional 7,795 shares during the period. Hedge funds and other institutional investors own 93.20% of the company’s stock.
Several research analysts recently weighed in on EPAY shares. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Barrington Research reiterated a “buy” rating and issued a $40.00 target price on shares of Bottomline Technologies in a research note on Tuesday, May 1st. Zacks Investment Research cut shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Citigroup assumed coverage on shares of Bottomline Technologies in a research note on Wednesday, March 28th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Needham & Company LLC boosted 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. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.86.
Bottomline Technologies Company Profile
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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