Analysts Anticipate Bottomline Technologies, Inc. (EPAY) Will Post Quarterly Sales of $89.94 Million
Analysts predict that Bottomline Technologies, Inc. (NASDAQ:EPAY) will post sales of $89.94 million for the current quarter, according to Zacks. Four analysts have issued estimates for Bottomline Technologies’ earnings. The highest sales estimate is $90.15 million and the lowest is $89.70 million. Bottomline Technologies posted sales of $83.08 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is expected to report its next earnings report on Wednesday, November 1st.
On average, analysts expect that Bottomline Technologies will report full-year sales of $89.94 million for the current fiscal year, with estimates ranging from $371.00 million to $373.90 million. For the next year, analysts anticipate that the company will post sales of $411.14 million per share, with estimates ranging from $407.18 million to $414.37 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Bottomline Technologies.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The firm had revenue of $93.50 million for the quarter, compared to analyst estimates of $90.95 million. During the same period last year, the firm posted $0.37 EPS. The business’s revenue was up 6.1% compared to the same quarter last year.
A number of brokerages have weighed in on EPAY. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target (up from $31.00) on shares of Bottomline Technologies in a research report on Friday, August 11th. UBS AG upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price target on shares of Bottomline Technologies in a research report on Wednesday, July 5th. FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. Finally, Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $32.00.
In other news, insider Norman J. Deluca sold 1,898 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $28.99, for a total transaction of $55,023.02. Following the sale, the insider now owns 77,192 shares in the company, valued at $2,237,796.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Francis Kelly sold 3,977 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the sale, the insider now owns 40,175 shares in the company, valued at approximately $1,186,769.50. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Global X Management Co. LLC lifted its stake in shares of Bottomline Technologies by 399.3% during the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock valued at $148,000 after acquiring an additional 4,600 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Bottomline Technologies by 71.1% during 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 acquiring an additional 2,963 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Bottomline Technologies during the second quarter valued at $201,000. LaSalle Street Capital Management LLC acquired a new position in shares of Bottomline Technologies during the second quarter valued at $209,000. Finally, Mason Street Advisors LLC lifted its stake in shares of Bottomline Technologies by 10.7% during the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after acquiring an additional 856 shares during the period. Institutional investors own 90.96% of the company’s stock.
Bottomline Technologies (NASDAQ EPAY) opened at 30.99 on Thursday. Bottomline Technologies has a one year low of $21.52 and a one year high of $31.22. The stock’s 50 day moving average is $29.18 and its 200 day moving average is $25.96. The firm’s market cap is $1.16 billion.
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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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