Bottomline Technologies Inc. (EPAY) Insider John Francis Kelly Sells 1,929 Shares
Bottomline Technologies Inc. (NASDAQ:EPAY) insider John Francis Kelly sold 1,929 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $23.15, for a total transaction of $44,656.35. Following the completion of the transaction, the insider now directly owns 38,687 shares of the company’s stock, valued at approximately $895,604.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
John Francis Kelly also recently made the following trade(s):
- On Wednesday, September 14th, John Francis Kelly sold 945 shares of Bottomline Technologies stock. The shares were sold at an average price of $23.23, for a total transaction of $21,952.35.
Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) opened at 22.48 on Thursday. The firm’s market cap is $849.07 million. Bottomline Technologies Inc. has a 1-year low of $18.48 and a 1-year high of $31.58. The stock’s 50 day moving average is $23.01 and its 200-day moving average is $24.15.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.07. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The company had revenue of $88.10 million for the quarter. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Bottomline Technologies Inc. will post $0.88 earnings per share for the current year.
EPAY has been the subject of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 26th. Canaccord Genuity decreased their target price on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 26th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Bottomline Technologies in a research note on Tuesday, August 23rd. Finally, First Analysis began coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Bottomline Technologies has a consensus rating of “Hold” and a consensus price target of $28.44.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPAY. Prudential Financial Inc. increased its position in Bottomline Technologies by 3.5% in the first quarter. Prudential Financial Inc. now owns 101,035 shares of the company’s stock worth $3,080,000 after buying an additional 3,400 shares during the last quarter. BlackRock Inc. raised its stake in shares of Bottomline Technologies by 1.9% in the first quarter. BlackRock Inc. now owns 56,157 shares of the company’s stock worth $1,711,000 after buying an additional 1,031 shares during the period. Royce & Associates LP raised its stake in shares of Bottomline Technologies by 40.8% in the first quarter. Royce & Associates LP now owns 201,610 shares of the company’s stock worth $6,147,000 after buying an additional 58,413 shares during the period. Cupps Capital Management LLC acquired a new stake in shares of Bottomline Technologies during the first quarter worth approximately $4,879,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Bottomline Technologies by 54.0% in the first quarter. Nuveen Asset Management LLC now owns 122,774 shares of the company’s stock worth $3,743,000 after buying an additional 43,025 shares during the period. Institutional investors own 92.34% of the company’s stock.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents, Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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