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.

COPYRIGHT VIOLATION WARNING: “Bottomline Technologies, Inc. (EPAY) Issues Quarterly Earnings Results” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/03/bottomline-technologies-inc-epay-issues-quarterly-earnings-results.html.

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.

Earnings History for Bottomline Technologies (NASDAQ:EPAY)

Receive News & Ratings for Bottomline Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.