Bottomline Technologies Inc. (NASDAQ:EPAY) rose 2.1% during trading on Friday . The stock traded as high as $19.55 and last traded at $19.20, with a volume of 566,431 shares trading hands. The stock had previously closed at $18.80.

EPAY has been the subject of several analyst reports. William Blair lowered shares of Bottomline Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Bottomline Technologies in a research note on Wednesday, June 1st. 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. Finally, First Analysis initiated coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.83.

The company’s market capitalization is $727.55 million. The stock has a 50 day moving average of $21.26 and a 200 day moving average of $25.64.

In related news, insider Norman J. Deluca sold 2,500 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $20.83, for a total transaction of $52,075.00. Following the sale, the insider now owns 118,634 shares of the company’s stock, valued at $2,471,146.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $64,366.32. Following the sale, 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 hedge funds and institutional investors have recently 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 in 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 in 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 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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