Bottomline Technologies, Inc. (EPAY) Receives $32.00 Consensus PT from Brokerages
Bottomline Technologies, Inc. (NASDAQ:EPAY) has received a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.00.
Several research firms have weighed in on EPAY. Zacks Investment Research upgraded Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a report on Monday, September 11th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. BidaskClub cut Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th.
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Bottomline Technologies (NASDAQ:EPAY) traded up 0.89% on Friday, hitting $32.92. The stock had a trading volume of 367,878 shares. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $34.44. The company’s market cap is $1.23 billion. The company has a 50 day moving average price of $31.54 and a 200-day moving average price of $27.24.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.12). The firm had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities research analysts predict that Bottomline Technologies will post $1.06 earnings per share for the current year.
In other news, insider John Francis Kelly sold 3,977 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the completion of the transaction, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Eagle Boston Investment Management Inc. lifted its holdings in shares of Bottomline Technologies by 0.7% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 352,777 shares of the technology company’s stock valued at $9,062,000 after buying an additional 2,356 shares during the period. BlackRock Inc. lifted its holdings in shares of Bottomline Technologies by 9,565.3% in the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after buying an additional 5,357,259 shares during the period. State Street Corp lifted its holdings in shares of Bottomline Technologies by 9.1% in the 1st quarter. State Street Corp now owns 946,465 shares of the technology company’s stock valued at $22,386,000 after buying an additional 78,904 shares during the period. Comerica Bank lifted its holdings in shares of Bottomline Technologies by 7.0% in the 1st quarter. Comerica Bank now owns 42,018 shares of the technology company’s stock valued at $964,000 after buying an additional 2,747 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in Bottomline Technologies by 7.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 21,190 shares of the technology company’s stock worth $501,000 after purchasing an additional 1,480 shares during the period. 89.70% of the stock is owned by institutional investors and hedge funds.
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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