Bottomline Technologies (NASDAQ:EPAY) Director Jennifer M. Gray sold 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.97, for a total value of $89,940.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $269,820. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NASDAQ:EPAY opened at $45.14 on Friday. Bottomline Technologies has a one year low of $39.78 and a one year high of $74.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 59.39 and a beta of 1.03.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The company had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Bottomline Technologies will post 0.58 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in shares of Bottomline Technologies by 5.5% during the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after acquiring an additional 205 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Bottomline Technologies by 31.0% during the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after acquiring an additional 247 shares in the last quarter. Nicolet Bankshares Inc. boosted its stake in shares of Bottomline Technologies by 1.6% during the 4th quarter. Nicolet Bankshares Inc. now owns 16,125 shares of the technology company’s stock worth $774,000 after acquiring an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Bottomline Technologies by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,176 shares of the technology company’s stock worth $710,000 after acquiring an additional 256 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Bottomline Technologies by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the technology company’s stock worth $701,000 after acquiring an additional 278 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a research 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 reaffirmed a “buy” rating and issued a $62.50 price target on shares of Bottomline Technologies in a report on Monday, April 29th. Raymond James lowered shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $65.00 to $55.00 in a report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price target (down from $66.00) on shares of Bottomline Technologies in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.61.
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Bottomline Technologies Company 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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