Bottomline Technologies Inc. (EPAY) Trading 0.8% Higher
Bottomline Technologies Inc. (NASDAQ:EPAY) traded up 0.8% on Wednesday . The stock traded as high as $23.07 and last traded at $22.98, with a volume of 166,559 shares traded. The stock had previously closed at $22.79.
Several equities research analysts recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 26th. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. First Analysis started coverage on shares of Bottomline Technologies in a research report on Tuesday, June 28th. They set an “overweight” rating and a $27.00 price objective on the stock. Canaccord Genuity cut their price objective on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 26th. Finally, Barrington Research reiterated an “outperform” rating and set a $30.00 price objective on shares of Bottomline Technologies in a research report on Wednesday, June 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bottomline Technologies presently has an average rating of “Hold” and a consensus price target of $29.14.
The firm’s market capitalization is $876.24 million. The firm has a 50 day moving average price of $21.14 and a 200-day moving average price of $25.28.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The firm earned $88.10 million during the quarter. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Bottomline Technologies Inc. will post $0.94 EPS for the current year.
In other Bottomline Technologies news, insider Norman J. Deluca sold 2,500 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $22.35, for a total value of $55,875.00. Following the transaction, the insider now owns 121,134 shares in the company, valued at approximately $2,707,344.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Francis Kelly sold 2,991 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 43,250 shares in the company, valued at approximately $930,740. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Bottomline Technologies stock. I.G. Investment Management LTD. boosted its position in shares of Bottomline Technologies Inc. (NASDAQ:EPAY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,395 shares of the company’s stock after buying an additional 396 shares during the period. I.G. Investment Management LTD. owned 0.17% of Bottomline Technologies worth $1,914,000 at the end of the most recent 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.