Insider Selling: Robert A. Eberle Unloads 18,500 Shares of Bottomline Technologies Stock (EPAY)
Bottomline Technologies (NASDAQ:EPAY) CEO Robert A. Eberle unloaded 18,500 shares of Bottomline Technologies stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $30.46, for a total transaction of $563,510.00. Following the sale, the chief executive officer now directly owns 316,409 shares of the company’s stock, valued at approximately $9,637,818. The sale was disclosed in a document filed with the SEC, which is available at this link.
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. 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. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.55.
Bottomline Technologies (NASDAQ:EPAY) traded up 1.02% during mid-day trading on Thursday, hitting $30.80. The stock had a trading volume of 96,982 shares. Bottomline Technologies has a one year low of $26.01 and a one year high of $37.41. The stock has a 50-day moving average of $29.53 and a 200-day moving average of $32.8. The company’s market cap is $1.151 billion.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Analysts expect that Bottomline Technologies will post $1.27 EPS for the current fiscal year.
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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