We Are One Seven LLC Buys New Holdings in Bottomline Technologies (EPAY)
We Are One Seven LLC bought a new stake in shares of Bottomline Technologies (NASDAQ:EPAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,306 shares of the technology company’s stock, valued at approximately $313,000.
A number of other hedge funds also recently bought and sold shares of EPAY. SG Americas Securities LLC bought a new stake in shares of Bottomline Technologies during the 1st quarter valued at about $103,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Bottomline Technologies during the 1st quarter valued at about $137,000. Janney Montgomery Scott LLC bought a new stake in shares of Bottomline Technologies during the 2nd quarter valued at about $202,000. Raymond James & Associates bought a new stake in shares of Bottomline Technologies during the 2nd quarter valued at about $204,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Bottomline Technologies during the 1st quarter valued at about $208,000. 93.59% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on EPAY. Zacks Investment Research downgraded Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson began coverage on Bottomline Technologies in a research report on Tuesday, September 11th. They set a “neutral” rating and a $58.00 price target for the company. Citigroup lifted their price target on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Royal Bank of Canada lifted their price target on Bottomline Technologies from $42.00 to $57.00 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Finally, TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.57.
NASDAQ:EPAY opened at $65.37 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 86.01, a PEG ratio of 8.34 and a beta of 0.98. Bottomline Technologies has a 1-year low of $31.75 and a 1-year high of $74.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $106.50 million during the quarter, compared to the consensus estimate of $101.05 million. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. Bottomline Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. On average, equities analysts forecast that Bottomline Technologies will post 0.73 EPS for the current fiscal year.
About Bottomline Technologies
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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