John Francis Kelly Sells 3,977 Shares of Bottomline Technologies, Inc. (EPAY) Stock
Bottomline Technologies, Inc. (NASDAQ:EPAY) insider John Francis Kelly sold 3,977 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total value of $117,480.58. Following the completion of the transaction, the insider now directly owns 40,175 shares in the company, valued at $1,186,769.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bottomline Technologies, Inc. (NASDAQ EPAY) traded down 0.35% during trading on Friday, hitting $28.81. The stock had a trading volume of 74,926 shares. The stock’s market cap is $1.09 billion. The firm has a 50 day moving average of $27.74 and a 200-day moving average of $25.49. Bottomline Technologies, Inc. has a 12 month low of $18.48 and a 12 month high of $31.10.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.12. Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The company had revenue of $93.50 million for the quarter, compared to analyst estimates of $90.95 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Global X Management Co. LLC increased 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 valued at $148,000 after buying an additional 4,600 shares during the last quarter. State of Alaska Department of Revenue increased 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 valued at $183,000 after buying an additional 2,963 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Bottomline Technologies during the second quarter valued at approximately $201,000. Mason Street Advisors LLC increased 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 last quarter. Finally, LaSalle Street Capital Management LLC bought a new stake in Bottomline Technologies during the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 92.46% of the company’s stock.
EPAY has been the topic of several analyst reports. BidaskClub raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research report on Friday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective (up from $31.00) on shares of Bottomline Technologies in a research report on Friday, August 11th. Finally, UBS AG raised Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.50.
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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