Rothschild Asset Management Inc. Buys New Stake in Bottomline Technologies, Inc. (EPAY)
Rothschild Asset Management Inc. bought a new stake in Bottomline Technologies, Inc. (NASDAQ:EPAY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 501,933 shares of the technology company’s stock, valued at approximately $15,977,000. Rothschild Asset Management Inc. owned approximately 1.24% of Bottomline Technologies at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAY. Global X Management Co. LLC grew its position in Bottomline Technologies by 399.3% in the 2nd quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock valued at $148,000 after acquiring an additional 4,600 shares in the last quarter. State of Alaska Department of Revenue grew its position in Bottomline Technologies by 71.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock valued at $183,000 after acquiring an additional 2,963 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Bottomline Technologies in the 2nd quarter valued at about $201,000. Macquarie Group Ltd. acquired a new position in Bottomline Technologies in the 3rd quarter valued at about $204,000. Finally, LaSalle Street Capital Management LLC acquired a new position in Bottomline Technologies in the 2nd quarter valued at about $209,000. 93.04% of the stock is owned by institutional investors.
Bottomline Technologies, Inc. (NASDAQ:EPAY) opened at $33.56 on Friday. Bottomline Technologies, Inc. has a 52-week low of $21.52 and a 52-week high of $34.89. The company has a market capitalization of $1,358.63, a PE ratio of 81.85, a PEG ratio of 5.83 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The business had revenue of $91.30 million during the quarter, compared to the consensus estimate of $89.70 million. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts anticipate that Bottomline Technologies, Inc. will post 0.48 EPS for the current fiscal year.
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EPAY has been the subject of several research reports. Zacks Investment Research downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price objective on shares of Bottomline Technologies in a research report on Monday, September 11th. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Bottomline Technologies in a research report on Friday, November 3rd. Finally, Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bottomline Technologies currently has an average rating of “Buy” and an average price target of $34.00.
In related news, insider John Francis Kelly sold 2,913 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $33.75, for a total transaction of $98,313.75. Following the completion of the sale, the insider now owns 35,549 shares in the company, valued at $1,199,778.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $33.05, for a total value of $66,100.00. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $132,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,497 shares of company stock valued at $216,781. Corporate insiders own 2.40% of the company’s stock.
Bottomline Technologies Profile
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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