Bottomline Technologies CFO Kevin Donovan Unloads 1,181 Shares (EPAY)
Bottomline Technologies (NASDAQ:EPAY) CFO Kevin Donovan unloaded 1,181 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.66, for a total value of $32,666.46. Following the completion of the sale, the chief financial officer now directly owns 100,512 shares of the company’s stock, valued at approximately $2,780,162. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up 2.13% during mid-day trading on Friday, hitting $28.25. 170,720 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 $27.90 and a 200-day moving average of $27.62. The company’s market cap is $1.018 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. On average, analysts predict that Bottomline Technologies will post $1.05 earnings per share for the current fiscal year.
EPAY has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.54.
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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