Dimensional Fund Advisors LP cut its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 642,097 shares of the technology company’s stock after selling 7,501 shares during the period. Dimensional Fund Advisors LP’s holdings in Bottomline Technologies were worth $15,185,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Bottomline Technologies during the fourth quarter worth about $4,761,000. Vanguard Group Inc. increased its position in Bottomline Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,422,062 shares of the technology company’s stock worth $80,932,000 after buying an additional 144,936 shares during the period. Fisher Asset Management LLC increased its position in Bottomline Technologies by 27.5% in the first quarter. Fisher Asset Management LLC now owns 497,455 shares of the technology company’s stock worth $11,765,000 after buying an additional 107,384 shares during the period. Prudential Financial Inc. increased its position in Bottomline Technologies by 120.7% in the first quarter. Prudential Financial Inc. now owns 166,495 shares of the technology company’s stock worth $3,938,000 after buying an additional 91,050 shares during the period. Finally, Bank of Montreal Can increased its position in Bottomline Technologies by 4,397.8% in the first quarter. Bank of Montreal Can now owns 85,098 shares of the technology company’s stock worth $2,012,000 after buying an additional 83,206 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

Bottomline Technologies, Inc. (EPAY) traded down 2.44% during trading on Tuesday, reaching $29.60. The company’s stock had a trading volume of 63,368 shares. The firm’s 50-day moving average price is $27.46 and its 200 day moving average price is $25.41. Bottomline Technologies, Inc. has a 12-month low of $18.48 and a 12-month high of $31.10. The company’s market capitalization is $1.12 billion.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.12. The firm had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.30%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. On average, analysts predict that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on EPAY shares. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 16th. FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price objective on shares of Bottomline Technologies in a report on Wednesday, July 5th. Raymond James Financial, Inc. upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Finally, UBS AG upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $30.50.

In other news, insider Norman J. Deluca sold 1,898 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $28.99, for a total value of $55,023.02. Following the completion of the transaction, the insider now directly owns 77,192 shares of the company’s stock, valued at approximately $2,237,796.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Norman J. Deluca sold 2,750 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $25.33, for a total value of $69,657.50. Following the completion of the transaction, the insider now directly 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.

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

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