Bottomline Technologies (EPAY) Expected to Post Quarterly Sales of $106.20 Million

Wall Street analysts expect Bottomline Technologies (NASDAQ:EPAY) to report sales of $106.20 million for the current fiscal quarter, according to Zacks. Four analysts have provided 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 would indicate a negative year over year growth rate of 0.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 8th.

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

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 earnings per share 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 business had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

Several research analysts have commented on the stock. DA Davidson upped their target price on shares of Bottomline Technologies from $1.52 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, February 1st. Needham & Company LLC decreased their target price on shares of Bottomline Technologies to $62.00 and set a “buy” rating for the company in a research report on Friday, February 1st. Barrington Research restated a “buy” rating and issued a $62.50 target price on shares of Bottomline Technologies in a research report on Monday, April 29th. Raymond James cut shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. Finally, Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Bottomline Technologies currently has a consensus rating of “Buy” and an average price target of $62.61.

In other news, insider Robert A. Eberle sold 21,824 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel K. Savory sold 5,895 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $49.25, for a total transaction of $290,328.75. Following the completion of the transaction, the insider now owns 162,062 shares of the company’s stock, valued at $7,981,553.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,085 shares of company stock valued at $1,727,095. 2.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of EPAY. Bank of New York Mellon Corp boosted its holdings in shares of Bottomline Technologies by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 558,683 shares of the technology company’s stock valued at $40,622,000 after acquiring an additional 1,505 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bottomline Technologies by 50.4% in the third quarter. JPMorgan Chase & Co. now owns 53,702 shares of the technology company’s stock valued at $3,905,000 after acquiring an additional 17,987 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Bottomline Technologies by 150.8% in the third quarter. AQR Capital Management LLC now owns 32,806 shares of the technology company’s stock valued at $2,385,000 after acquiring an additional 19,724 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Bottomline Technologies by 2.9% in the third quarter. Teachers Advisors LLC now owns 77,736 shares of the technology company’s stock valued at $5,652,000 after acquiring an additional 2,219 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Bottomline Technologies by 10.9% in the third quarter. Legal & General Group Plc now owns 87,395 shares of the technology company’s stock valued at $6,308,000 after acquiring an additional 8,605 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

Shares of NASDAQ:EPAY traded up $0.44 during trading on Friday, reaching $45.01. 198,900 shares of the company’s stock traded hands, compared to its average volume of 325,446. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a 12 month low of $39.78 and a 12 month high of $74.05. The company has a market cap of $1.94 billion, a PE ratio of 59.22 and a beta of 0.92.

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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