Wall Street analysts forecast that Bottomline Technologies (NASDAQ:EPAY) will report sales of $103.73 million for the current quarter, Zacks reports. Four analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $103.30 million to $104.50 million. Bottomline Technologies posted sales of $95.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 9%. The company is scheduled to issue its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $426.81 million for the current year, with estimates ranging from $423.60 million to $431.80 million. For the next fiscal year, analysts forecast that the firm will report sales of $472.09 million, with estimates ranging from $466.36 million to $483.90 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $102.44 million during the quarter, compared to the consensus estimate of $99.90 million. Bottomline Technologies had a return on equity of 9.56% and a net margin of 3.43%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS.

Several equities analysts have commented on the company. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a report on Wednesday, November 14th. TheStreet cut Bottomline Technologies from a “b” rating to a “c” rating in a report on Friday, November 9th. BidaskClub cut Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. Finally, First Analysis raised Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 price target for the company in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Bottomline Technologies currently has an average rating of “Buy” and a consensus price target of $64.25.

Bottomline Technologies stock traded down $2.17 during trading hours on Thursday, hitting $50.66. The stock had a trading volume of 748,046 shares, compared to its average volume of 392,393. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 66.66, a price-to-earnings-growth ratio of 7.50 and a beta of 0.97. Bottomline Technologies has a fifty-two week low of $32.33 and a fifty-two week high of $74.05.

In other news, CEO Robert A. Eberle sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $64.44, for a total value of $644,400.00. Following the completion of the transaction, the chief executive officer now directly owns 427,017 shares of the company’s stock, valued at approximately $27,516,975.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert A. Eberle sold 26,903 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $63.00, for a total value of $1,694,889.00. Following the completion of the transaction, the insider now directly owns 437,017 shares of the company’s stock, valued at $27,532,071. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,380 shares of company stock valued at $4,910,610. 2.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in EPAY. Capital World Investors increased its holdings in Bottomline Technologies by 34.5% during the 3rd quarter. Capital World Investors now owns 3,656,000 shares of the technology company’s stock valued at $265,828,000 after purchasing an additional 938,049 shares in the last quarter. BlackRock Inc. increased its holdings in Bottomline Technologies by 6.4% during the 3rd quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock valued at $402,006,000 after purchasing an additional 331,293 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Bottomline Technologies by 403.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 409,424 shares of the technology company’s stock valued at $27,909,000 after purchasing an additional 328,112 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new stake in Bottomline Technologies during the 2nd quarter valued at $11,290,000. Finally, Wells Fargo & Company MN increased its holdings in Bottomline Technologies by 64.0% during the 2nd quarter. Wells Fargo & Company MN now owns 455,774 shares of the technology company’s stock valued at $22,713,000 after purchasing an additional 177,879 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Cost of Equity For A Business, Investors

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Earnings History and Estimates for Bottomline Technologies (NASDAQ:EPAY)

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