Bottomline Technologies Insider Sells $62,751 in Stock (EPAY)
Bottomline Technologies (NASDAQ:EPAY) Insider Nigel K. Savory unloaded 2,208 shares of Bottomline Technologies stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.42, for a total transaction of $62,751.36. Following the transaction, the insider now directly owns 121,558 shares of the company’s stock, valued at approximately $3,454,678. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bottomline Technologies (NASDAQ:EPAY) traded up 0.39% during mid-day trading on Monday, hitting $28.55. The stock had a trading volume of 137,052 shares. 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 $28.31 and a 200-day moving average of $31.25. The company’s market cap is $1.067 billion.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data 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. On average, analysts predict that Bottomline Technologies will post $1.53 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Bottomline Technologies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 19th. They now have a $26.80 price target on the stock. Separately, analysts at Off Wall Street reiterated a “sell” rating on shares of Bottomline Technologies in a research note on Thursday, August 14th. Finally, 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.20.
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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