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Investment analysts at Needham & Company LLC dropped their price target on shares of Bottomline Technologies (NASDAQ:EPAY) from $39.00 to $35.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 25.36% from the stock’s previous close.

Shares of Bottomline Technologies (NASDAQ:EPAY) opened at 27.92 on Wednesday. Bottomline Technologies has a 52-week low of $26.01 and a 52-week high of $37.41. The stock has a 50-day moving average of $28.79 and a 200-day moving average of $31.59. The company’s market cap is $1.044 billion.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $81.58 million. Analysts expect that Bottomline Technologies will post $1.54 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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