Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) shot up 2.3% on Wednesday . The company traded as high as $21.46 and last traded at $21.43, with a volume of 458,210 shares traded. The stock had previously closed at $20.95.

A number of research firms recently weighed in on EPAY. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Bottomline Technologies in a research report on Wednesday, June 1st. Canaccord Genuity reiterated a “hold” rating on shares of Bottomline Technologies in a research report on Saturday, April 30th. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Raymond James Financial Inc. downgraded Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, April 29th. Finally, William Blair downgraded Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Bottomline Technologies currently has a consensus rating of “Hold” and a consensus price target of $29.83.

The stock’s 50-day moving average is $21.47 and its 200-day moving average is $26.01. The firm’s market cap is $820.17 million.

In related news, insider John Francis Kelly sold 2,991 shares of the stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $21.52, for a total transaction of $64,366.32. Following the completion of the sale, the insider now owns 43,250 shares in the company, valued at $930,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 2,500 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $22.35, for a total value of $55,875.00. Following the sale, the insider now owns 121,134 shares of the company’s stock, valued at approximately $2,707,344.90. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its position in Bottomline Technologies by 0.6% in the fourth quarter. I.G. Investment Management LTD. now owns 64,395 shares of the company’s stock valued at $1,914,000 after buying an additional 396 shares in the last quarter. New York State Common Retirement Fund boosted 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 valued at $1,576,000 after buying an additional 1,500 shares in the last quarter. Rhumbline Advisers boosted its position in Bottomline Technologies by 7.3% in the fourth quarter. Rhumbline Advisers now owns 51,396 shares of the company’s stock valued at $1,528,000 after buying an additional 3,480 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $7,456,000 after buying an additional 5,759 shares in the last quarter. Finally, Royce & Associates LLC boosted 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 valued at $4,257,000 after buying an additional 11,100 shares in the last quarter.

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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