Insider Selling: Bottomline Technologies CEO Sells 3,773 Shares of Stock (EPAY)
Bottomline Technologies (NASDAQ:EPAY) CEO Robert Eberle unloaded 3,773 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $28.11, for a total value of $106,059.03. Following the completion of the transaction, the chief executive officer now directly owns 327,236 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on EPAY. Analysts at Raymond James raised their price target on shares of Bottomline Technologies (NASDAQ:EPAY) from $32.00 to $35.00 in a research note to investors on Wednesday, August 21st. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company cut their price target on shares of Bottomline Technologies (NASDAQ:EPAY) from $35.00 to $30.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Bottomline Technologies (NASDAQ:EPAY) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $29.70 price target on the stock.
Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.54.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up 0.36% on Friday, hitting $27.88. The stock had a trading volume of 98,473 shares. Bottomline Technologies has a 52 week low of $22.17 and a 52 week high of $31.30. The stock has a 50-day moving average of $28.79 and a 200-day moving average of $27.60. The company’s market cap is $1.005 billion.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $65.04 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis.
Bottomline Technologies (NASDAQ:EPAY), Inc provides cloud-based payment, invoice and banking solutions to corporations, insurance companies, financial institutions and banks worldwide.
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