Analysts Expect Bottomline Technologies (NASDAQ:EPAY) Will Post Quarterly Sales of $106.20 Million

Brokerages predict that Bottomline Technologies (NASDAQ:EPAY) will announce sales of $106.20 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $105.44 million to $107.14 million. Bottomline Technologies posted sales of $106.47 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The firm is expected to report its next quarterly earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $419.93 million for the current financial year, with estimates ranging from $419.16 million to $420.86 million. For the next year, analysts anticipate that the business will post sales of $456.60 million, with estimates ranging from $454.30 million to $458.53 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The firm had revenue of $106.44 million for the quarter, compared to analysts’ expectations of $104.46 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year.

Several research analysts have recently commented on the company. BidaskClub lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Barrington Research reissued a “buy” rating and set a $62.50 price objective on shares of Bottomline Technologies in a research report on Monday, April 29th. Raymond James downgraded Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $57.00 price objective (down from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $62.61.

EPAY traded down $0.06 on Friday, hitting $44.60. 1,064 shares of the company’s stock were exchanged, compared to its average volume of 312,244. Bottomline Technologies has a fifty-two week low of $39.78 and a fifty-two week high of $74.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.94 billion, a PE ratio of 58.71 and a beta of 1.03.

In related news, CFO Richard Douglas Booth sold 5,604 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $43.56, for a total value of $244,110.24. Following the completion of the transaction, the chief financial officer now directly owns 91,319 shares of the company’s stock, valued at $3,977,855.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Francis Kelly sold 5,893 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $45.10, for a total value of $265,774.30. Following the completion of the transaction, the insider now directly owns 54,814 shares of the company’s stock, valued at $2,472,111.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,636 shares of company stock valued at $2,165,960. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EPAY. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Bottomline Technologies by 1,114.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock valued at $2,164,000 after purchasing an additional 492,033 shares in the last quarter. Norges Bank acquired a new position in Bottomline Technologies in the fourth quarter valued at approximately $22,886,000. TimesSquare Capital Management LLC boosted its holdings in Bottomline Technologies by 57.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after purchasing an additional 412,855 shares in the last quarter. Daruma Capital Management LLC acquired a new position in Bottomline Technologies in the first quarter valued at approximately $18,795,000. Finally, Voya Investment Management LLC boosted its holdings in Bottomline Technologies by 1,066.6% in the first quarter. Voya Investment Management LLC now owns 370,502 shares of the technology company’s stock valued at $18,559,000 after purchasing an additional 338,743 shares in the last quarter. 90.10% of the stock is owned by hedge funds and other institutional investors.

About Bottomline Technologies

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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