Pembroke Management LTD acquired a new stake in Bottomline Technologies (NASDAQ:EPAY) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 150,332 shares of the technology company’s stock, valued at approximately $6,634,000. Pembroke Management LTD owned about 0.35% of Bottomline Technologies at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Tortoise Index Solutions LLC purchased a new stake in shares of Bottomline Technologies in the 1st quarter valued at approximately $31,000. Marshall Wace LLP purchased a new stake in shares of Bottomline Technologies in the 1st quarter valued at approximately $45,000. First Hawaiian Bank increased its position in shares of Bottomline Technologies by 31.0% in the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after purchasing an additional 247 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Bottomline Technologies by 5.5% in the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $196,000 after purchasing an additional 205 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Bottomline Technologies by 10.6% in the 1st quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock valued at $230,000 after purchasing an additional 439 shares during the last quarter. 91.38% of the stock is currently owned by institutional investors.
Shares of NASDAQ EPAY traded down $0.42 during mid-day trading on Friday, reaching $41.28. The company had a trading volume of 304,508 shares, compared to its average volume of 198,446. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $43.80. The stock has a market cap of $1.83 billion, a PE ratio of 54.32 and a beta of 0.96. Bottomline Technologies has a 52-week low of $39.78 and a 52-week high of $74.05.
Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.21. The firm had revenue of $106.44 million for the quarter, compared to the consensus estimate of $104.46 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Research analysts predict that Bottomline Technologies will post 0.58 earnings per share for the current fiscal year.
A number of equities research analysts have commented on EPAY shares. Raymond James downgraded shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $65.00 to $55.00 in a research report on Friday, May 3rd. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Thursday, July 4th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 8th. BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $57.00 price objective (down from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Bottomline Technologies has a consensus rating of “Buy” and a consensus target price of $62.61.
In related news, insider Norman J. Deluca sold 9,925 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.22, for a total value of $428,958.50. Following the transaction, the insider now directly owns 57,638 shares of the company’s stock, valued at approximately $2,491,114.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert A. Eberle sold 21,824 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $45.17, for a total transaction of $985,790.08. Following the completion of the transaction, the insider now directly owns 375,202 shares in the company, valued at $16,947,874.34. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock worth $2,234,271 over the last ninety days. Insiders own 2.40% of the company’s stock.
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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