Bottomline Technologies (NASDAQ:EPAY) Director Ken D’amato sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $48.96, for a total transaction of $97,920.00. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at $832,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Bottomline Technologies stock opened at $48.50 on Friday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 138.57 and a beta of 1.04. Bottomline Technologies has a fifty-two week low of $24.60 and a fifty-two week high of $50.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.67.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $101.14 million during the quarter, compared to the consensus estimate 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 revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. sell-side analysts predict that Bottomline Technologies will post 0.58 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH acquired a new position in shares of Bottomline Technologies during the 1st quarter worth about $357,000. Amalgamated Bank acquired a new position in shares of Bottomline Technologies during the 1st quarter worth about $219,000. Principal Financial Group Inc. raised its position in shares of Bottomline Technologies by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 266,752 shares of the technology company’s stock worth $10,337,000 after purchasing an additional 3,339 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Bottomline Technologies by 28.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 7,623 shares of the technology company’s stock worth $295,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Natixis raised its position in shares of Bottomline Technologies by 9.5% during the 1st quarter. Natixis now owns 89,548 shares of the technology company’s stock worth $3,470,000 after purchasing an additional 7,795 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, May 10th. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Bottomline Technologies in a research report on Friday, May 4th. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Barrington Research reiterated a “buy” rating and issued a $40.00 price objective on shares of Bottomline Technologies in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Bottomline Technologies presently has an average rating of “Buy” and a consensus target price 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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