Bottomline Technologies, Inc. (EPAY) Issues Quarterly Earnings Results
Bottomline Technologies, Inc. (NASDAQ:EPAY) posted its quarterly earnings results on Thursday. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05, Bloomberg Earnings reports. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.85%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Bottomline Technologies updated its FY18 guidance to $1.06 EPS and its Q2 guidance to $0.26 EPS.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up $2.09 during trading on Friday, hitting $34.30. 701,619 shares of the stock traded hands, compared to its average volume of 413,461. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 78.44, a PEG ratio of 5.64 and a beta of 1.16.
In other news, 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 value of $117,480.58. Following the completion of the transaction, the insider now owns 40,175 shares in the company, valued at approximately $1,186,769.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $52,367.04. Following the completion of the transaction, the insider now owns 99,633 shares of the company’s stock, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several research analysts have commented on EPAY shares. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target (up previously from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. UBS Group AG (USA) upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. FIX upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a report on Monday, July 17th. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.25.
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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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