Brokerages forecast that Bottomline Technologies, Inc. (NASDAQ:EPAY) will post $90.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Bottomline Technologies’ earnings, with the lowest sales estimate coming in at $90.30 million and the highest estimate coming in at $91.50 million. Bottomline Technologies reported sales of $88.11 million during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is scheduled to report its next earnings results on Thursday, August 24th.

On average, analysts expect that Bottomline Technologies will report full-year sales of $90.87 million for the current year, with estimates ranging from $346.20 million to $347.40 million. For the next financial year, analysts expect that the firm will post sales of $371.10 million per share, with estimates ranging from $368.60 million to $373.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $86.10 million during the quarter, compared to analyst estimates of $88.62 million. Bottomline Technologies had a negative net margin of 9.71% and a positive return on equity of 4.95%. Bottomline Technologies’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS.

A number of equities analysts have commented on EPAY shares. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. BidaskClub downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.80.

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Bottomline Technologies (EPAY) opened at 25.82 on Thursday. Bottomline Technologies has a 52 week low of $18.48 and a 52 week high of $28.35. The company has a 50 day moving average of $25.35 and a 200 day moving average of $24.80. The company’s market capitalization is $984.62 million.

In related news, insider Norman J. Deluca sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $23.55, for a total value of $64,762.50. Following the sale, the insider now owns 93,956 shares in the company, valued at $2,212,663.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 8,250 shares of company stock worth $194,315. 3.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of Bottomline Technologies by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,408 shares of the technology company’s stock worth $185,000 after buying an additional 145 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock worth $209,000 after buying an additional 856 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Bottomline Technologies during the first quarter worth approximately $219,000. Capstone Asset Management Co. raised its stake in shares of Bottomline Technologies by 14.1% in the first quarter. Capstone Asset Management Co. now owns 9,739 shares of the technology company’s stock worth $230,000 after buying an additional 1,206 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Bottomline Technologies during the first quarter worth approximately $258,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It 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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