Bottomline Technologies, Inc. (NASDAQ:EPAY) Director Ken D’amato sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.51, for a total value of $69,020.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $621,180. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Bottomline Technologies, Inc. (NASDAQ EPAY) traded down $0.12 on Friday, hitting $34.56. The stock had a trading volume of 413,600 shares, compared to its average volume of 339,258. Bottomline Technologies, Inc. has a 1 year low of $21.52 and a 1 year high of $34.89. The stock has a market capitalization of $1,403.97, a P/E ratio of 84.58, a price-to-earnings-growth ratio of 6.02 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $89.70 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. research analysts predict that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System boosted its position in Bottomline Technologies by 7.7% during the third quarter. California Public Employees Retirement System now owns 75,383 shares of the technology company’s stock worth $2,399,000 after purchasing an additional 5,383 shares in the last quarter. Zions Bancorporation purchased a new position in Bottomline Technologies during the third quarter worth approximately $253,000. Stifel Financial Corp boosted its position in Bottomline Technologies by 6.9% during the third quarter. Stifel Financial Corp now owns 381,525 shares of the technology company’s stock worth $12,150,000 after purchasing an additional 24,715 shares in the last quarter. OxFORD Asset Management LLP boosted its position in Bottomline Technologies by 209.6% during the third quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock worth $10,488,000 after purchasing an additional 223,009 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Bottomline Technologies during the third quarter worth approximately $20,396,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.

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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.

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

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