Bbva Compass Bancshares Inc. reduced its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,545 shares of the technology company’s stock after selling 1,235 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Bottomline Technologies were worth $399,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EPAY. State of Alaska Department of Revenue increased its stake in shares of Bottomline Technologies by 71.1% in the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock worth $183,000 after buying an additional 2,963 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock worth $209,000 after buying an additional 856 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Bottomline Technologies by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 9,138 shares of the technology company’s stock worth $216,000 after buying an additional 1,730 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Bottomline Technologies during the first quarter worth about $219,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Bottomline Technologies by 7.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the technology company’s stock worth $229,000 after buying an additional 600 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Bottomline Technologies, Inc. (NASDAQ EPAY) opened at 27.95 on Tuesday. The firm has a 50-day moving average of $26.74 and a 200-day moving average of $25.22. Bottomline Technologies, Inc. has a 1-year low of $18.48 and a 1-year high of $29.00. The stock’s market capitalization is $1.07 billion.

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A number of brokerages have issued reports on EPAY. BidaskClub downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Monday, July 17th. FIX raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Bottomline Technologies in a research report on Wednesday, July 5th. Finally, UBS AG raised shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Bottomline Technologies has a consensus rating of “Hold” and a consensus price target of $29.67.

In other news, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $28.99, for a total value of $55,023.02. Following the completion of the sale, the insider now directly owns 77,192 shares in the company, valued at $2,237,796.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Norman J. Deluca sold 2,750 shares of Bottomline Technologies stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.33, for a total transaction of $69,657.50. Following the completion of the sale, the insider now owns 83,554 shares of the company’s stock, valued at $2,116,422.82. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

About Bottomline Technologies

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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