Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) reached a new 52-week low on Wednesday . The company traded as low as $20.20 and last traded at $20.57, with a volume of 261,974 shares. The stock had previously closed at $20.61.

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

The firm’s market capitalization is $783.05 million. The stock’s 50 day moving average price is $21.35 and its 200 day moving average price is $25.72.

In other Bottomline Technologies news, insider John Francis Kelly sold 2,991 shares of Bottomline Technologies stock in a transaction that occurred on 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 $930,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owns 80,555 shares in the company, valued at approximately $1,954,264.30. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of EPAY. I.G. Investment Management LTD. increased its position in shares of 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. Royce & Associates LLC boosted its stake 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 during the last quarter. Finally, Rhumbline Advisers boosted its stake 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 during 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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