Louisiana State Employees Retirement System lessened its position in Bottomline Technologies (NASDAQ:EPAY) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,722 shares of the technology company’s stock after selling 2,378 shares during the period. Louisiana State Employees Retirement System’s holdings in Bottomline Technologies were worth $659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Bottomline Technologies in the third quarter worth approximately $145,000. Harvest Fund Management Co. Ltd bought a new position in shares of Bottomline Technologies in the third quarter worth approximately $156,000. Raymond James & Associates bought a new position in shares of Bottomline Technologies in the second quarter worth approximately $204,000. WINTON GROUP Ltd bought a new position in shares of Bottomline Technologies in the second quarter worth approximately $210,000. Finally, Keybank National Association OH bought a new position in shares of Bottomline Technologies in the third quarter worth approximately $218,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

In other news, insider Norman J. Deluca sold 7,491 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $64.66, for a total transaction of $484,368.06. Following the completion of the transaction, the insider now directly owns 86,050 shares of the company’s stock, valued at $5,563,993. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Douglas Booth sold 5,568 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $49.81, for a total transaction of $277,342.08. Following the transaction, the chief financial officer now directly owns 108,053 shares of the company’s stock, valued at $5,382,119.93. The disclosure for this sale can be found here. Insiders have sold 34,806 shares of company stock valued at $1,859,123 over the last three months. 2.40% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a research note on Monday, November 5th. First Analysis upgraded shares of Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a research note on Monday, November 12th. ValuEngine downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Citigroup set a $75.00 target price on shares of Bottomline Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Bottomline Technologies presently has an average rating of “Buy” and a consensus price target of $64.25.

EPAY opened at $50.98 on Friday. 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 twelve month low of $34.92 and a twelve month high of $74.05. The company has a market cap of $2.20 billion, a PE ratio of 68.89, a P/E/G ratio of 6.77 and a beta of 0.97.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. The firm had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $99.90 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that Bottomline Technologies will post 0.63 EPS for the current fiscal year.

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Bottomline Technologies 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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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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