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Bottomline Technologies (NASDAQ:EPAY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $26.80 price objective on the stock. Zacks‘s price objective suggests a potential downside of 5.00% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Off Wall Street reiterated a “sell” rating on shares of Bottomline Technologies in a research note on Thursday, August 14th. Analysts at Needham & Company LLC reiterated a “buy” rating on shares of Bottomline Technologies in a research note on Wednesday, August 13th. They now have a $35.00 price target on the stock, down previously from $39.00. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.20.

Bottomline Technologies (NASDAQ:EPAY) traded up 1.60% on Tuesday, hitting $28.66. 99,076 shares of the company’s stock traded hands. Bottomline Technologies has a 52 week low of $26.01 and a 52 week high of $37.41. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $31.45. The company’s market cap is $1.071 billion.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 $1.53 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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