Bottomline Technologies (NASDAQ:EPAY) CFO Richard Douglas Booth sold 5,568 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $49.81, for a total value of $277,342.08. Following the completion of the sale, the chief financial officer now directly owns 108,053 shares of the company’s stock, valued at $5,382,119.93. The sale was disclosed in a legal filing with the SEC, which is available through this link.

EPAY stock opened at $50.71 on Thursday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 66.72, a P/E/G ratio of 6.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.74 and a quick ratio of 1.74. Bottomline Technologies has a 52-week low of $33.60 and a 52-week high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, November 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The business 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 company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, analysts forecast that Bottomline Technologies will post 0.63 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in EPAY. Point72 Asset Management L.P. acquired a new position in Bottomline Technologies during the 3rd quarter valued at about $145,000. Harvest Fund Management Co. Ltd acquired a new position in Bottomline Technologies during the 3rd quarter valued at about $156,000. SG Americas Securities LLC boosted its stake in shares of Bottomline Technologies by 44.4% in the 2nd quarter. SG Americas Securities LLC now owns 3,849 shares of the technology company’s stock worth $192,000 after buying an additional 1,183 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Bottomline Technologies in the 2nd quarter worth approximately $202,000. Finally, Raymond James & Associates purchased a new position in shares of Bottomline Technologies in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

A number of brokerages recently commented on EPAY. TheStreet lowered Bottomline Technologies from a “b” rating to a “c” rating in a research report on Friday, November 9th. BidaskClub lowered Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 13th. DA Davidson began coverage on Bottomline Technologies in a research report on Tuesday, September 11th. They issued a “neutral” rating and a $58.00 target price for the company. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, August 15th. Finally, Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.25.

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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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