Shares of Bottomline Technologies (NASDAQ:EPAY) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.80.
A number of analysts have recently issued reports on EPAY shares. Needham & Company LLC boosted their target price on Bottomline Technologies to $45.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday. Finally, BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd.
Shares of Bottomline Technologies (NASDAQ EPAY) opened at $39.19 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Bottomline Technologies has a fifty-two week low of $21.52 and a fifty-two week high of $39.99. The stock has a market capitalization of $1,608.51, a PE ratio of 77.53 and a beta of 1.03.
In other Bottomline Technologies news, insider Nigel K. Savory sold 11,125 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $39.14, for a total value of $435,432.50. Following the completion of the transaction, the insider now owns 127,441 shares in the company, valued at approximately $4,988,040.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert A. Eberle sold 9,078 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $37.25, for a total value of $338,155.50. Following the completion of the transaction, the insider now owns 347,341 shares of the company’s stock, valued at approximately $12,938,452.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,863 shares of company stock valued at $1,066,720. 2.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAY. Macquarie Group Ltd. purchased a new position in Bottomline Technologies in the 3rd quarter worth approximately $204,000. Xact Kapitalforvaltning AB purchased a new position in Bottomline Technologies in the 4th quarter worth approximately $205,000. Crossmark Global Holdings Inc. purchased a new position in Bottomline Technologies in the 3rd quarter worth approximately $217,000. FDx Advisors Inc. purchased a new position in shares of Bottomline Technologies during the 3rd quarter valued at approximately $227,000. Finally, Zions Bancorporation purchased a new position in shares of Bottomline Technologies during the 3rd quarter valued at approximately $253,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Bottomline Technologies (EPAY) Given Average Recommendation of “Buy” by Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/bottomline-technologies-epay-given-average-recommendation-of-buy-by-analysts.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.
Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.