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Bottomline Technologies (NASDAQ:EPAY) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, American Banking News.com reports. They currently have a $39.20 price objective on the stock. Zacks‘ target price would indicate a potential upside of 12.29% from the stock’s previous close.

Bottomline Technologies (NASDAQ:EPAY) traded down 0.54% on Monday, hitting $34.91. 112,282 shares of the company’s stock traded hands. Bottomline Technologies has a 52-week low of $24.62 and a 52-week high of $36.66. The stock has a 50-day moving average of $34.24 and a 200-day moving average of $30.84. The company’s market cap is $1.272 billion.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.23. The company had revenue of $67.25 million for the quarter, compared to the consensus estimate of $28.21 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Bottomline Technologies will post $1.20 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on EPAY. Analysts at Raymond James upgraded shares of Bottomline Technologies from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, November 18th. They now have a $41.00 price target on the stock, up previously from $36.00. Separately, analysts at Stephens downgraded shares of Bottomline Technologies from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, November 4th. Finally, analysts at Needham & Company raised their price target on shares of Bottomline Technologies from $35.00 to $36.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.84.

Bottomline Technologies (NASDAQ:EPAY), Inc provides cloud-based payment, invoice and banking solutions to corporations, insurance companies, financial institutions and banks worldwide.

To view Zacks’ full report, visit www.zacks.com

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