Bottomline Technologies Inc. (NASDAQ:EPAY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 2,158,317 shares, an increase of 32.4% from the August 15th total of 1,629,980 shares. Based on an average daily trading volume, of 963,932 shares, the days-to-cover ratio is presently 2.2 days. Approximately 5.5% of the company’s shares are short sold.

Several brokerages have commented on EPAY. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Bottomline Technologies in a research report on Wednesday, June 1st. Canaccord Genuity dropped their target price on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 26th. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Needham & Company LLC dropped their target price on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 26th. Finally, First Analysis began coverage on shares of Bottomline Technologies in a research report on Tuesday, June 28th. They set an “overweight” rating and a $27.00 target price for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.14.

Shares of Bottomline Technologies (NASDAQ:EPAY) opened at 23.38 on Friday. The company has a 50 day moving average of $22.01 and a 200-day moving average of $24.77. Bottomline Technologies has a 52-week low of $18.48 and a 52-week high of $31.58. The company’s market cap is $883.06 million.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results 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. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The firm had revenue of $88.10 million for the quarter. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Bottomline Technologies will post $0.88 EPS for the current fiscal year.

In other Bottomline Technologies news, insider John Francis Kelly sold 2,991 shares of the company’s stock in a transaction on Friday, July 8th. The stock was 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 approximately $930,740. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Norman J. Deluca sold 2,500 shares of the company’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 directly owns 121,134 shares in the company, valued at approximately $2,707,344.90. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new stake in shares of Bottomline Technologies during the second quarter worth $2,010,000. Mason Street Advisors LLC bought a new stake in shares of Bottomline Technologies during the second quarter worth $160,000. Aristotle Capital Boston LLC raised its stake in shares of Bottomline Technologies by 2.7% in the second quarter. Aristotle Capital Boston LLC now owns 285,469 shares of the company’s stock worth $6,146,000 after buying an additional 7,596 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Bottomline Technologies by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,749 shares of the company’s stock worth $3,031,000 after buying an additional 2,508 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Bottomline Technologies by 4.8% in the second quarter. Stifel Financial Corp now owns 122,175 shares of the company’s stock worth $2,630,000 after buying an additional 5,638 shares in the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

Bottomline Technologies Company Profile

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.

5 Day Chart for NASDAQ:EPAY

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