Bottomline Technologies (NASDAQ:EPAY) CFO Richard Douglas Booth sold 5,700 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $65.65, for a total transaction of $374,205.00. Following the completion of the sale, the chief financial officer now directly owns 116,967 shares in the company, valued at $7,678,883.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of EPAY stock traded up $0.42 on Friday, reaching $66.30. The stock had a trading volume of 298,924 shares, compared to its average volume of 361,334. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.67 and a current ratio of 1.85. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 87.24 and a beta of 0.99. Bottomline Technologies has a 12 month low of $30.19 and a 12 month high of $67.47.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.30%. The company had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $101.05 million. During the same period in the prior year, the firm earned $0.28 EPS. Bottomline Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. sell-side analysts predict that Bottomline Technologies will post 0.73 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC grew its stake in Bottomline Technologies by 6.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,995,735 shares of the technology company’s stock valued at $99,447,000 after buying an additional 122,741 shares during the last quarter. Janus Henderson Group PLC grew its stake in Bottomline Technologies by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after buying an additional 40,626 shares during the last quarter. Hood River Capital Management LLC grew its stake in Bottomline Technologies by 10.2% in the 2nd quarter. Hood River Capital Management LLC now owns 648,920 shares of the technology company’s stock valued at $32,336,000 after buying an additional 60,210 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Bottomline Technologies by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 557,178 shares of the technology company’s stock valued at $27,764,000 after buying an additional 64,839 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Bottomline Technologies by 29.2% in the 1st quarter. Stifel Financial Corp now owns 504,419 shares of the technology company’s stock valued at $19,542,000 after buying an additional 113,865 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

EPAY has been the topic of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $63.00 target price on shares of Bottomline Technologies in a report on Friday, August 10th. Royal Bank of Canada upped their target price on shares of Bottomline Technologies from $42.00 to $57.00 and gave the company a “sector perform” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Finally, Needham & Company LLC upped their target price on shares of Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.83.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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