Bottomline Technologies (EPAY) Holdings Lifted by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in Bottomline Technologies (NASDAQ:EPAY) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,564 shares of the technology company’s stock after purchasing an additional 4,877 shares during the quarter. California Public Employees Retirement System owned 0.22% of Bottomline Technologies worth $4,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. American Capital Management Inc. lifted its position in shares of Bottomline Technologies by 37.2% during the 4th quarter. American Capital Management Inc. now owns 14,325 shares of the technology company’s stock valued at $688,000 after buying an additional 3,885 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Bottomline Technologies by 14.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,552 shares of the technology company’s stock valued at $314,000 after buying an additional 837 shares during the last quarter. FDx Advisors Inc. lifted its position in shares of Bottomline Technologies by 4.2% during the 4th quarter. FDx Advisors Inc. now owns 9,268 shares of the technology company’s stock valued at $445,000 after buying an additional 375 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of Bottomline Technologies by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,809 shares of the technology company’s stock valued at $423,000 after buying an additional 310 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Bottomline Technologies during the 4th quarter valued at $668,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Raymond James dropped their price target on Bottomline Technologies from $77.00 to $65.00 in a research report on Monday, February 4th. Craig Hallum dropped their price target on Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, February 4th. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research report on Monday, February 4th. Finally, DA Davidson upped their price target on Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a research report on Friday, February 1st. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.78.

Shares of EPAY opened at $49.06 on Friday. The stock has a market cap of $2.12 billion, a P/E ratio of 64.55, a P/E/G ratio of 7.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 1.89. Bottomline Technologies has a 52-week low of $36.79 and a 52-week high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $104.85 million for the quarter, compared to analysts’ expectations of $103.73 million. Bottomline Technologies had a return on equity of 9.25% and a net margin of 4.05%. As a group, research analysts expect that Bottomline Technologies will post 0.57 EPS for the current year.

In related news, CFO Richard Douglas Booth sold 6,014 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $48.34, for a total transaction of $290,716.76. Following the sale, the chief financial officer now owns 99,324 shares of the company’s stock, valued at approximately $4,801,322.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Francis Kelly sold 2,942 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $47.20, for a total value of $138,862.40. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Bottomline Technologies (EPAY) Holdings Lifted by California Public Employees Retirement System” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2019/03/17/bottomline-technologies-epay-holdings-lifted-by-california-public-employees-retirement-system.html.

About Bottomline Technologies

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.

Read More: How are institutional investors different from individual investors?

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

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.



Leave a Reply