Insider Selling: Bottomline Technologies Director Unloads 7,500 Shares of Stock (EPAY)
Bottomline Technologies (NASDAQ:EPAY) Director James Loomis sold 7,500 shares of Bottomline Technologies stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $27.81, for a total transaction of $208,575.00. Following the completion of the sale, the director now directly owns 117,750 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Bottomline Technologies has a consensus rating of “Buy” and an average price target of $31.54.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up 0.36% on Friday, hitting $27.88. 98,473 shares of the company’s stock traded hands. Bottomline Technologies has a 1-year low of $22.17 and a 1-year 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 announced its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.26 earnings per share. Bottomline Technologies’s revenue was up 5.9% compared to the same quarter last year.
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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