Bottomline Technologies Inc. (NASDAQ:EPAY) fell 1.5% during trading on Monday . The stock traded as low as $21.81 and last traded at $21.84, with a volume of 67,066 shares. The stock had previously closed at $22.17.

Several research firms recently commented on EPAY. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. Canaccord Genuity reiterated a “hold” rating on shares of Bottomline Technologies in a research note on Saturday, April 30th. First Analysis assumed coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 target price on the stock. Raymond James Financial Inc. downgraded shares of Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 target price on shares of Bottomline Technologies in a research note on Wednesday, June 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.83.

The firm’s 50-day moving average is $23.07 and its 200-day moving average is $26.89. The company’s market capitalization is $838.16 million.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company earned $86.23 million during the quarter, compared to analysts’ expectations of $87.44 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Bottomline Technologies Inc. will post $1.44 EPS for the current fiscal year.

In other Bottomline Technologies news, insider John Francis Kelly sold 2,991 shares of the firm’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $21.52, for a total transaction of $64,366.32. Following the transaction, the insider now owns 43,250 shares of the company’s stock, valued at approximately $930,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $24.26, for a total transaction of $60,650.00. Following the transaction, the insider now directly owns 80,555 shares in the company, valued at approximately $1,954,264.30. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Rhumbline Advisers increased its position in Bottomline Technologies by 7.3% in the fourth quarter. Rhumbline Advisers now owns 51,396 shares of the company’s stock worth $1,528,000 after buying an additional 3,480 shares during the period. Nationwide Fund Advisors increased its position in Bottomline Technologies by 19.9% in the fourth quarter. Nationwide Fund Advisors now owns 165,056 shares of the company’s stock worth $4,907,000 after buying an additional 27,381 shares during the period. Royce & Associates LLC increased its position in Bottomline Technologies by 8.4% in the fourth quarter. Royce & Associates LLC now owns 143,197 shares of the company’s stock worth $4,257,000 after buying an additional 11,100 shares during the period. New York State Common Retirement Fund increased its position in Bottomline Technologies by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 53,014 shares of the company’s stock worth $1,576,000 after buying an additional 1,500 shares during the period. Finally, Principal Financial Group Inc. increased its position in Bottomline Technologies by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 250,807 shares of the company’s stock worth $7,456,000 after buying an additional 5,759 shares during the period.

Bottomline Technologies (de), Inc is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents, Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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