Bottomline Technologies Director Unloads $119,200 in Stock (EPAY)
Bottomline Technologies (NASDAQ:EPAY) Director Jennifer M. Gray sold 4,000 shares of Bottomline Technologies stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $29.80, for a total transaction of $119,200.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $119,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Bottomline Technologies (NASDAQ:EPAY) traded up 0.57% on Tuesday, hitting $29.98. 203,450 shares of the company’s stock traded hands. Bottomline Technologies has a 52 week low of $24.62 and a 52 week high of $37.41. The stock’s 50-day moving average is $29.72 and its 200-day moving average is $33.11. The company’s market cap is $1.121 billion.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings data on Thursday, May 1st. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02. The company had revenue of $78.30 million for the quarter, compared to the consensus estimate of $77.62 million. During the same quarter last year, the company posted $0.32 earnings per share. Bottomline Technologies’s revenue was up 21.6% compared to the same quarter last year. Analysts expect that Bottomline Technologies will post $1.27 EPS for the current fiscal year.
A number of analysts have recently weighed in on EPAY shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Bottomline Technologies in a research note on Friday, May 2nd. They now have a $37.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Bottomline Technologies from $40.00 to $38.00 in a research note on Friday, May 2nd. Finally, analysts at Canaccord Genuity raised their price target on shares of Bottomline Technologies from $38.00 to $40.00 in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.55.
Bottomline Technologies (NASDAQ:EPAY) Inc, formerly Bottomline Technologies (de), Inc, provides cloud-based payment, invoice and banking solutions to corporations, insurance companies, financial institutions and banks worldwide.
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