Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) saw unusually-high trading volume on Thursday . Approximately 308,947 shares changed hands during 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 subject of a number of analyst reports. First Analysis initiated 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 for the company. 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 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Bottomline Technologies in a research note on Wednesday, June 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.83.

The firm’s market cap is $730.61 million. The stock has a 50-day moving average price of $21.19 and a 200-day moving average price of $25.57.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised 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. Royce & Associates LLC raised 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, I.G. Investment Management LTD. raised its stake 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 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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