Public Employees Retirement Association of Colorado increased its position in Bottomline Technologies (NASDAQ:EPAY) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 468,290 shares of the technology company’s stock after buying an additional 57,790 shares during the period. Public Employees Retirement Association of Colorado owned about 1.08% of Bottomline Technologies worth $20,717,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Tortoise Index Solutions LLC bought a new position in shares of Bottomline Technologies during the 1st quarter valued at about $31,000. Marshall Wace LLP bought a new position in shares of Bottomline Technologies during the 1st quarter valued at about $45,000. Advisor Group Inc. boosted its holdings in shares of Bottomline Technologies by 17.4% during the 2nd quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock valued at $82,000 after purchasing an additional 271 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Bottomline Technologies by 5.5% during the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $196,000 after purchasing an additional 205 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Bottomline Technologies by 10.6% during the 1st quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock valued at $230,000 after purchasing an additional 439 shares during the last quarter. 90.33% of the stock is owned by institutional investors.
Shares of NASDAQ EPAY traded down $0.96 during mid-day trading on Wednesday, hitting $41.70. 3,910 shares of the company’s stock traded hands, compared to its average volume of 299,184. The business has a 50-day moving average of $43.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $1.86 billion, a P/E ratio of 43.16 and a beta of 0.96. Bottomline Technologies has a 1 year low of $39.49 and a 1 year high of $74.05.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.19. The firm had revenue of $108.24 million for the quarter, compared to analysts’ expectations of $106.17 million. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.14%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, equities analysts expect that Bottomline Technologies will post 0.71 EPS for the current fiscal year.
In related news, Director Jennifer M. Gray sold 2,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $44.97, for a total value of $89,940.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $269,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert A. Eberle sold 21,824 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $45.17, for a total transaction of $985,790.08. Following the completion of the sale, the insider now directly owns 375,202 shares in the company, valued at $16,947,874.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock worth $2,234,271 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.
Several research analysts have commented on the stock. ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Raymond James increased their price objective on shares of Bottomline Technologies from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Friday, August 9th. Barrington Research reissued a “buy” rating and set a $57.50 price objective on shares of Bottomline Technologies in a report on Friday, August 9th. Finally, TheStreet downgraded shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Bottomline Technologies has a consensus rating of “Buy” and an average price target of $61.56.
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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