Shares of Bottomline Technologies (NASDAQ:EPAY) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.00.
Several brokerages have recently commented on EPAY. Needham & Company LLC increased their target price on Bottomline Technologies to $45.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
In other news, CFO Richard Douglas Booth sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $33.78, for a total transaction of $506,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ken D’amato sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $34.51, for a total value of $69,020.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $621,180. The disclosure for this sale can be found here. Insiders have sold 39,309 shares of company stock worth $1,323,974 in the last ninety days. 2.40% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC acquired a new position in Bottomline Technologies in the second quarter valued at about $201,000. Macquarie Group Ltd. acquired a new position in Bottomline Technologies in the third quarter valued at about $204,000. Crossmark Global Holdings Inc. acquired a new position in Bottomline Technologies in the third quarter valued at about $217,000. FDx Advisors Inc. acquired a new position in Bottomline Technologies in the third quarter valued at about $227,000. Finally, Zions Bancorporation acquired a new position in Bottomline Technologies in the third quarter valued at about $253,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bottomline Technologies (NASDAQ EPAY) traded down $0.21 during mid-day trading on Friday, hitting $37.13. The stock had a trading volume of 400,900 shares, compared to its average volume of 307,743. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,510.46, a PE ratio of -106.37 and a beta of 1.12. Bottomline Technologies has a 12 month low of $21.52 and a 12 month high of $39.50.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, February 1st. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $92.51 million. Bottomline Technologies had a positive return on equity of 7.20% and a negative net margin of 3.67%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. equities research analysts forecast that Bottomline Technologies will post 0.53 earnings per share for the current year.
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About Bottomline Technologies
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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