Bottomline Technologies, Inc. (NASDAQ:EPAY)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research report issued on Friday. They presently have a $38.00 price objective on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 10.79% from the company’s previous close.

A number of other equities research analysts have also commented on EPAY. BidaskClub upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. UBS Group AG (USA) upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Raymond James Financial, Inc. 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. 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, Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bottomline Technologies has an average rating of “Buy” and an average target price of $33.25.

Bottomline Technologies (NASDAQ EPAY) traded up $2.09 on Friday, reaching $34.30. 701,619 shares of the company were exchanged, compared to its average volume of 413,461. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 78.44, a price-to-earnings-growth ratio of 5.64 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.85% and a negative net margin of 7.51%. The business had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.70 million. During the same quarter in the previous year, the company posted $0.22 EPS. Bottomline Technologies’s quarterly revenue was up 9.9% compared to the same quarter last year. equities analysts expect that Bottomline Technologies will post 0.48 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/03/bottomline-technologies-inc-epay-receives-buy-rating-from-needham-company-llc.html.

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

Several institutional investors have recently made changes to their positions in EPAY. BlackRock Inc. raised its stake in Bottomline Technologies by 9,565.3% during the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock worth $128,023,000 after buying an additional 5,357,259 shares during the period. Vanguard Group Inc. raised its stake in Bottomline Technologies by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock worth $90,053,000 after buying an additional 83,341 shares during the period. Conestoga Capital Advisors LLC raised its stake in Bottomline Technologies by 10.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,686,819 shares of the technology company’s stock worth $53,691,000 after buying an additional 161,900 shares during the period. State Street Corp raised its stake in Bottomline Technologies by 4.3% during the 2nd quarter. State Street Corp now owns 986,721 shares of the technology company’s stock worth $25,348,000 after buying an additional 40,256 shares during the period. Finally, Bernzott Capital Advisors raised its stake in Bottomline Technologies by 17.3% during the 2nd quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock worth $25,303,000 after buying an additional 144,975 shares during the period. Institutional investors own 89.93% of the company’s stock.

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.

Analyst Recommendations 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.