Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) saw unusually-high trading volume on Thursday . Approximately 308,947 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 318,896 shares.The stock last traded at $19.60 and had previously closed at $20.46.

EPAY has been the topic of several recent research reports. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. William Blair lowered shares of Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Raymond James Financial Inc. lowered shares of Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. First Analysis assumed coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They set an “overweight” rating and a $27.00 price objective on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Bottomline Technologies in a research note on Wednesday, June 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.83.

The company has a 50 day moving average of $21.26 and a 200 day moving average of $25.64. The company’s market cap is $719.51 million.

In other Bottomline Technologies news, insider Norman J. Deluca sold 2,500 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $20.83, for a total transaction of $52,075.00. Following the completion of the transaction, the insider now owns 118,634 shares of the company’s stock, valued at $2,471,146.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Francis Kelly sold 2,991 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $21.52, for a total value of $64,366.32. Following the transaction, the insider now directly owns 43,250 shares of the company’s stock, valued at approximately $930,740. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Rhumbline Advisers increased its position in shares of 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. 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 during the last quarter. Finally, Royce & Associates LLC increased its position in shares of 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.

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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