Invictus RG decreased its stake in shares of Bottomline Technologies (NASDAQ:EPAY) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,651 shares of the technology company’s stock after selling 1,883 shares during the period. Invictus RG’s holdings in Bottomline Technologies were worth $411,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Bottomline Technologies by 1.3% during the first quarter. Principal Financial Group Inc. now owns 266,752 shares of the technology company’s stock worth $10,337,000 after buying an additional 3,339 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Bottomline Technologies in the second quarter valued at about $202,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Bottomline Technologies in the second quarter valued at about $1,008,000. New York State Teachers Retirement System raised its holdings in shares of Bottomline Technologies by 8.2% in the second quarter. New York State Teachers Retirement System now owns 64,313 shares of the technology company’s stock valued at $3,205,000 after buying an additional 4,849 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Bottomline Technologies by 64.0% in the second quarter. Wells Fargo & Company MN now owns 455,774 shares of the technology company’s stock valued at $22,713,000 after buying an additional 177,879 shares during the last quarter. 89.72% of the stock is currently owned by institutional investors.
Bottomline Technologies stock opened at $51.00 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.74 and a quick ratio of 1.74. Bottomline Technologies has a 12-month low of $33.00 and a 12-month high of $74.05. The stock has a market capitalization of $2.20 billion, a P/E ratio of 67.11, a price-to-earnings-growth ratio of 6.77 and a beta of 0.89.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $99.90 million. Bottomline Technologies had a return on equity of 9.56% and a net margin of 3.43%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, sell-side analysts predict that Bottomline Technologies will post 0.63 EPS for the current fiscal year.
In other Bottomline Technologies news, Director Benjamin E. Robinson III sold 2,500 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $65.74, for a total transaction of $164,350.00. Following the completion of the sale, the director now directly owns 10,500 shares of the company’s stock, valued at approximately $690,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 7,491 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $64.66, for a total value of $484,368.06. Following the completion of the sale, the insider now directly owns 86,050 shares of the company’s stock, valued at $5,563,993. The disclosure for this sale can be found here. Insiders have sold a total of 15,917 shares of company stock valued at $1,046,590 over the last three months. Company insiders own 2.40% of the company’s stock.
A number of research analysts recently issued reports on EPAY shares. Needham & Company LLC lifted their price target on Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 10th. Craig Hallum cut Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Citigroup set a $75.00 price target on Bottomline Technologies and gave the company a “buy” rating in a report on Wednesday, October 17th. TheStreet raised Bottomline Technologies from a “c+” rating to a “b” rating in a report on Friday, August 10th. Finally, First Analysis raised Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 price target for the company in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Bottomline Technologies currently has a consensus rating of “Buy” and an average target price of $64.25.
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Bottomline Technologies Profile
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.
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