Wall Street analysts expect that Bottomline Technologies, Inc. (NASDAQ:EPAY) will post sales of $90.93 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $90.30 million to $91.50 million. Bottomline Technologies posted sales of $88.11 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The business is expected to announce its next earnings results after the market closes on Thursday, August 10th.

According to Zacks, analysts expect that Bottomline Technologies will report full year sales of $90.93 million for the current financial year, with estimates ranging from $346.20 million to $347.40 million. For the next financial year, analysts forecast that the company will post sales of $371.13 million per share, with estimates ranging from $368.60 million to $373.09 million. Zacks’ sales averages are an average based on a survey of research firms that follow Bottomline Technologies.

A number of research firms have weighed in on EPAY. BidaskClub lowered shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. FIX upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, July 17th. Raymond James Financial, Inc. upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, July 17th. UBS AG upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $26.00 price objective on shares of Bottomline Technologies in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.67.

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Shares of Bottomline Technologies (EPAY) opened at 27.95 on Tuesday. The firm’s market capitalization is $1.07 billion. The stock’s 50 day moving average price is $26.74 and its 200 day moving average price is $25.22. Bottomline Technologies has a 52 week low of $18.48 and a 52 week high of $29.00.

In other news, insider Norman J. Deluca sold 1,898 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $28.99, for a total transaction of $55,023.02. Following the transaction, the insider now owns 77,192 shares in the company, valued at approximately $2,237,796.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 2,750 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $25.33, for a total transaction of $69,657.50. Following the transaction, the insider now owns 83,554 shares in the company, valued at approximately $2,116,422.82. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in Bottomline Technologies by 399.3% in the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after buying an additional 4,600 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in 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 worth $183,000 after buying an additional 2,963 shares during the last quarter. Mason Street Advisors LLC boosted 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 worth $209,000 after buying an additional 856 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Bottomline Technologies by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 9,138 shares of the technology company’s stock worth $216,000 after buying an additional 1,730 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in Bottomline Technologies during the first quarter worth $219,000. 92.02% of the stock is currently owned by institutional investors and hedge funds.

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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