Bottomline Technologies, Inc. (NASDAQ:EPAY) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $92.5 million, compared to the consensus revenue estimate of $92.56 million.Bottomline Technologies also updated its FY18 guidance to $1.06 EPS.

A number of research firms have recently commented on EPAY. Zacks Investment Research raised Bottomline Technologies from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a hold rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research note on Monday, September 11th. Needham & Company LLC reissued a buy rating and issued a $33.00 price objective (up previously from $31.00) on shares of Bottomline Technologies in a research note on Friday, August 11th. BidaskClub downgraded Bottomline Technologies from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Craig Hallum raised Bottomline Technologies from a hold rating to a buy rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $32.00.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89.70 million. Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS.

In related news, insider Norman J. Deluca sold 1,584 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the completion of the sale, the insider now owns 99,633 shares in the company, valued at approximately $3,293,866.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Francis Kelly sold 3,977 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the completion of the sale, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

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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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