Nomura Holdings Inc. Acquires 12,165 Shares of Bottomline Technologies, Inc. (EPAY)

Nomura Holdings Inc. boosted its holdings in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,631 shares of the technology company’s stock after purchasing an additional 12,165 shares during the period. Nomura Holdings Inc. owned approximately 0.28% of Bottomline Technologies worth $2,719,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EPAY. Comerica Bank lifted its stake in Bottomline Technologies by 7.0% during the first quarter. Comerica Bank now owns 42,018 shares of the technology company’s stock valued at $964,000 after purchasing an additional 2,747 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Bottomline Technologies during the first quarter valued at approximately $412,000. Sei Investments Co. lifted its stake in Bottomline Technologies by 360.9% during the first quarter. Sei Investments Co. now owns 35,504 shares of the technology company’s stock valued at $840,000 after purchasing an additional 27,801 shares during the last quarter. Texas Permanent School Fund lifted its stake in Bottomline Technologies by 2.7% during the first quarter. Texas Permanent School Fund now owns 27,380 shares of the technology company’s stock valued at $648,000 after purchasing an additional 722 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Bottomline Technologies by 10.3% during the first quarter. State of Tennessee Treasury Department now owns 34,353 shares of the technology company’s stock valued at $812,000 after purchasing an additional 3,219 shares during the last quarter. 89.69% of the stock is owned by institutional investors and hedge funds.

In related news, insider John Francis Kelly sold 3,977 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the transaction, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $28.99, for a total transaction of $55,023.02. Following the transaction, the insider now directly owns 77,192 shares in the company, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Several research firms recently commented on EPAY. Zacks Investment Research raised shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 target price on shares of Bottomline Technologies in a research note on Monday, September 11th. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price (up from $31.00) on shares of Bottomline Technologies in a research note on Friday, August 11th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub lowered shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Bottomline Technologies has a consensus rating of “Buy” and a consensus price target of $32.00.

Shares of Bottomline Technologies, Inc. (NASDAQ EPAY) traded up 0.73% during midday trading on Friday, hitting $33.32. 40,911 shares of the company traded hands. The stock’s 50-day moving average is $31.35 and its 200 day moving average is $27.12. Bottomline Technologies, Inc. has a 12-month low of $21.52 and a 12-month high of $34.44. The stock’s market capitalization is $1.25 billion.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The firm had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.95 million. During the same period in the previous year, the business earned $0.37 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current year.

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Bottomline Technologies Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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