Bottomline Technologies Inc. (NASDAQ:EPAY)’s share price traded down 3.1% during trading on Tuesday . The stock traded as low as $20.52 and last traded at $20.60, with a volume of 263,839 shares trading hands. The stock had previously closed at $21.27.

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

The company’s market cap is $788.79 million. The stock has a 50 day moving average price of $21.34 and a 200 day moving average price of $25.78.

In other Bottomline Technologies news, insider Norman J. Deluca sold 2,500 shares of Bottomline Technologies stock in a transaction that occurred on 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 owns 80,555 shares of the company’s stock, valued at approximately $1,954,264.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Francis Kelly sold 2,991 shares of Bottomline Technologies stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $21.52, for a total transaction of $64,366.32. Following the transaction, the insider now directly owns 43,250 shares in the company, valued at approximately $930,740. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of the company. 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. 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. 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. Finally, 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.

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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