Bottomline Technologies Inc. (EPAY) Trading Up 0.8%
Bottomline Technologies Inc. (NASDAQ:EPAY) shares were up 0.8% during trading 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 research analysts have commented on EPAY shares. Needham & Company LLC dropped their price target on 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 raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Canaccord Genuity dropped their price target on Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 26th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Bottomline Technologies in a research report on Tuesday, August 23rd. Finally, First Analysis started coverage on Bottomline Technologies in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.14.
The stock’s market cap is $897.11 million. The firm has a 50 day moving average of $21.20 and a 200 day moving average of $25.25.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, August 25th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. The firm had revenue of $88.10 million for the quarter. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, equities research analysts expect that Bottomline Technologies Inc. will post $0.94 earnings per share for the current fiscal year.
In other Bottomline Technologies news, insider Norman J. Deluca sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $24.26, for a total transaction of $60,650.00. Following the transaction, the insider now owns 80,555 shares in the company, valued at approximately $1,954,264.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Francis Kelly sold 2,991 shares of the firm’s stock in a transaction on 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 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. increased its position in 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 fund 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.