Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.25.

A number of research firms have issued reports on EPAY. Zacks Investment Research cut Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Bottomline Technologies in a research note on Friday, November 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 target price on shares of Bottomline Technologies in a research note on Monday, September 11th. Finally, Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th.

In other news, CFO Richard Douglas Booth sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $33.78, for a total value of $506,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $33.05, for a total value of $66,100.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $132,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,718 shares of company stock worth $2,136,905. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Bottomline Technologies by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock valued at $90,053,000 after purchasing an additional 83,341 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Bottomline Technologies by 10.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,686,819 shares of the technology company’s stock worth $53,691,000 after acquiring an additional 161,900 shares in the last quarter. State Street Corp raised its holdings in Bottomline Technologies by 4.3% during the second quarter. State Street Corp now owns 986,721 shares of the technology company’s stock worth $25,348,000 after acquiring an additional 40,256 shares in the last quarter. Bernzott Capital Advisors raised its holdings in Bottomline Technologies by 17.3% during the second quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock worth $25,303,000 after acquiring an additional 144,975 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its holdings in Bottomline Technologies by 19.2% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 906,505 shares of the technology company’s stock worth $23,287,000 after acquiring an additional 145,875 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Bottomline Technologies (NASDAQ EPAY) opened at $33.54 on Monday. Bottomline Technologies has a 52 week low of $21.52 and a 52 week high of $34.89. The stock has a market capitalization of $1,357.83, a PE ratio of 81.80, a price-to-earnings-growth ratio of 5.82 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The firm had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. equities research analysts anticipate that Bottomline Technologies will post 0.48 EPS for the current fiscal year.

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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.

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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