Bottomline Technologies, Inc. (NASDAQ:EPAY) Insider Sells $55,023.02 in Stock
Bottomline Technologies, Inc. (NASDAQ:EPAY) insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction on Monday, July 17th. The shares were sold at an average price of $28.99, for a total value of $55,023.02. Following the completion of the transaction, the insider now owns 77,192 shares of the company’s stock, valued at $2,237,796.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bottomline Technologies, Inc. (NASDAQ:EPAY) remained flat at $28.66 during mid-day trading on Wednesday. 309,987 shares of the company’s stock were exchanged. Bottomline Technologies, Inc. has a 12-month low of $18.48 and a 12-month high of $29.00. The stock has a 50-day moving average price of $26.00 and a 200 day moving average price of $25.00. The firm’s market capitalization is $1.09 billion.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $86.10 million during the quarter, compared to analysts’ expectations of $88.62 million. Bottomline Technologies had a negative net margin of 9.71% and a positive return on equity of 4.95%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts expect that Bottomline Technologies, Inc. will post $0.96 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on EPAY. Zacks Investment Research lowered Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Monday, March 27th. BidaskClub lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Raymond James Financial, Inc. upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a report on Monday. FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a report on Monday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of Bottomline Technologies in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Bottomline Technologies has a consensus rating of “Buy” and an average target price of $29.67.
Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Bottomline Technologies by 71.1% in the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock valued at $183,000 after buying an additional 2,963 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Bottomline Technologies by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,408 shares of the technology company’s stock valued at $185,000 after buying an additional 145 shares during the period. Mason Street Advisors LLC raised its stake in Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after buying an additional 856 shares during the period. Atria Investments LLC acquired a new stake in Bottomline Technologies during the first quarter valued at $219,000. Finally, Capstone Asset Management Co. raised its stake in Bottomline Technologies by 14.1% in the first quarter. Capstone Asset Management Co. now owns 9,739 shares of the technology company’s stock valued at $230,000 after buying an additional 1,206 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.
About Bottomline Technologies
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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