Bank of Montreal Can Has $1.60 Million Holdings in Bottomline Technologies (EPAY)

Bank of Montreal Can boosted its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 1,174.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,300 shares of the technology company’s stock after purchasing an additional 30,687 shares during the period. Bank of Montreal Can owned approximately 0.08% of Bottomline Technologies worth $1,599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EPAY. State of Alaska Department of Revenue boosted its holdings in shares of Bottomline Technologies by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 12,227 shares of the technology company’s stock valued at $586,000 after buying an additional 245 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Bottomline Technologies by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after buying an additional 233,817 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bottomline Technologies by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after buying an additional 233,817 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Bottomline Technologies by 10.9% in the 3rd quarter. Legal & General Group Plc now owns 87,395 shares of the technology company’s stock valued at $6,308,000 after buying an additional 8,605 shares in the last quarter. Finally, Sawgrass Asset Management LLC boosted its holdings in shares of Bottomline Technologies by 8.7% in the 3rd quarter. Sawgrass Asset Management LLC now owns 12,635 shares of the technology company’s stock valued at $919,000 after buying an additional 1,015 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. Citigroup set a $75.00 price target on shares of Bottomline Technologies and gave the company a “buy” rating in a research report on Wednesday, October 17th. First Analysis upgraded shares of Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Monday, November 12th. DA Davidson upped their price target on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a research report on Friday, February 1st. TheStreet downgraded shares of Bottomline Technologies from a “b” rating to a “c” rating in a research report on Friday, November 9th. Finally, ValuEngine downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $61.78.

EPAY stock opened at $47.04 on Thursday. Bottomline Technologies has a 12 month low of $35.85 and a 12 month high of $74.05. The firm has a market capitalization of $1.94 billion, a P/E ratio of 61.89, a price-to-earnings-growth ratio of 6.47 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.89 and a debt-to-equity ratio of 0.30.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. The firm had revenue of $104.85 million during the quarter, compared to the consensus estimate of $103.73 million. On average, equities research analysts forecast that Bottomline Technologies will post 0.57 earnings per share for the current fiscal year.

In other Bottomline Technologies news, insider Nigel K. Savory sold 6,723 shares of the company’s stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $50.29, for a total transaction of $338,099.67. Following the completion of the transaction, the insider now owns 123,187 shares in the company, valued at approximately $6,195,074.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Eberle sold 15,024 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $50.54, for a total transaction of $759,312.96. Following the transaction, the chief executive officer now owns 402,432 shares of the company’s stock, valued at approximately $20,338,913.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,315 shares of company stock valued at $1,374,755. 2.40% of the stock is owned by insiders.

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Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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