Bottomline Technologies Inc. (EPAY) Given Consensus Recommendation of “Hold” by Brokerages
Bottomline Technologies Inc. (NASDAQ:EPAY) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $27.14.
Several research firms have issued reports on EPAY. Needham & Company LLC decreased their price objective on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 26th. First Analysis began coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Canaccord Genuity decreased their price objective on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 26th. Finally, Barrington Research restated an “outperform” rating and issued a $30.00 price objective on shares of Bottomline Technologies in a research note on Tuesday, August 23rd.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded down 1.38% during trading on Thursday, hitting $22.17. The company had a trading volume of 80,055 shares. Bottomline Technologies has a 52-week low of $18.48 and a 52-week high of $31.58. The stock’s 50-day moving average is $23.01 and its 200 day moving average is $24.15. The firm’s market capitalization is $837.36 million.
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Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The company earned $88.10 million during the quarter. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Bottomline Technologies will post $0.88 earnings per share for the current fiscal year.
In related news, insider John Francis Kelly sold 1,929 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $23.15, for a total transaction of $44,656.35. Following the completion of the transaction, the insider now directly owns 38,687 shares of the company’s stock, valued at $895,604.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 2,500 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $22.35, for a total transaction of $55,875.00. Following the transaction, the insider now directly owns 121,134 shares of the company’s stock, valued at $2,707,344.90. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EPAY. Prudential Financial Inc. boosted its position in Bottomline Technologies by 3.5% in the first quarter. Prudential Financial Inc. now owns 101,035 shares of the company’s stock valued at $3,080,000 after buying an additional 3,400 shares in the last quarter. BlackRock Inc. boosted its position in Bottomline Technologies by 1.9% in the first quarter. BlackRock Inc. now owns 56,157 shares of the company’s stock valued at $1,711,000 after buying an additional 1,031 shares in the last quarter. GW&K Investment Management LLC boosted its position in Bottomline Technologies by 12.2% in the second quarter. GW&K Investment Management LLC now owns 108,450 shares of the company’s stock valued at $2,335,000 after buying an additional 11,780 shares in the last quarter. Henderson Group PLC boosted its position in Bottomline Technologies by 57.6% in the second quarter. Henderson Group PLC now owns 573,090 shares of the company’s stock valued at $12,339,000 after buying an additional 209,518 shares in the last quarter. Finally, Aristotle Capital Boston LLC boosted its position in Bottomline Technologies by 0.8% in the first quarter. Aristotle Capital Boston LLC now owns 277,873 shares of the company’s stock valued at $8,472,000 after buying an additional 2,136 shares in the last quarter. 92.34% of the stock is owned by hedge funds and other institutional investors.
About Bottomline Technologies
Bottomline Technologies (de), Inc is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents, Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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