Bottomline Technologies, Inc. (NASDAQ:EPAY) Director Peter Gibson bought 2,000 shares of Bottomline Technologies stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of $33.85 per share, for a total transaction of $67,700.00. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $541,600. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bottomline Technologies, Inc. (NASDAQ:EPAY) traded up $0.08 during trading on Tuesday, reaching $33.86. 310,200 shares of the company traded hands, compared to its average volume of 338,800. Bottomline Technologies, Inc. has a 12-month low of $21.52 and a 12-month high of $34.89. The stock has a market cap of $1,367.54, a P/E ratio of 82.39, a price-to-earnings-growth ratio of 5.86 and a beta of 1.16.

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

A number of institutional investors have recently added to or reduced their stakes in EPAY. Westfield Capital Management Co. LP purchased a new stake in Bottomline Technologies during the 3rd quarter worth $20,396,000. Rothschild Asset Management Inc. purchased a new stake in Bottomline Technologies during the 3rd quarter worth $15,977,000. Hood River Capital Management LLC purchased a new stake in Bottomline Technologies during the 2nd quarter worth $11,131,000. JPMorgan Chase & Co. increased its stake in Bottomline Technologies by 1,092.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 312,429 shares of the technology company’s stock worth $10,001,000 after buying an additional 286,229 shares during the period. Finally, OxFORD Asset Management LLP increased its stake in Bottomline Technologies by 209.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock worth $10,488,000 after buying an additional 223,009 shares during the period. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on EPAY. Zacks Investment Research upgraded shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada restated a “hold” rating and set a $29.00 target price on shares of Bottomline Technologies in a report on Monday, September 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Bottomline Technologies in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.00.

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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.

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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