Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.14.

Several brokerages have recently weighed in on EPAY. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Royal Bank Of Canada began coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 price objective on the stock. First Analysis began coverage on shares of Bottomline Technologies in a report on Tuesday, June 28th. They set an “overweight” rating and a $27.00 price objective on the stock. Needham & Company LLC cut their price objective on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Finally, RBC Capital Markets began coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 price objective on the stock.

Bottomline Technologies (NASDAQ:EPAY) opened at 22.15 on Thursday. The stock’s market capitalization is $836.61 million. The firm’s 50-day moving average is $23.11 and its 200-day moving average is $24.08. Bottomline Technologies has a 52 week low of $18.48 and a 52 week high of $31.58.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $88.10 million for the quarter. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, equities research analysts predict that Bottomline Technologies will post $0.88 EPS for the current fiscal year.

In related news, insider Norman J. Deluca sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $20.83, for a total value of $52,075.00. Following the transaction, the insider now owns 118,634 shares in the company, valued at $2,471,146.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Francis Kelly sold 1,929 shares of the firm’s stock in a transaction that occurred 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 owns 38,687 shares in the company, valued at approximately $895,604.05. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. raised its stake in Bottomline Technologies by 1.3% in the third quarter. Eagle Asset Management Inc. now owns 74,656 shares of the company’s stock worth $1,740,000 after buying an additional 949 shares in the last quarter. Fisher Asset Management LLC raised its stake in Bottomline Technologies by 51.6% in the third quarter. Fisher Asset Management LLC now owns 490,159 shares of the company’s stock worth $11,426,000 after buying an additional 166,800 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Bottomline Technologies by 7.1% in the third quarter. Conestoga Capital Advisors LLC now owns 1,374,405 shares of the company’s stock worth $32,037,000 after buying an additional 90,720 shares in the last quarter. North Star Asset Management Inc. raised its stake in Bottomline Technologies by 8.3% in the third quarter. North Star Asset Management Inc. now owns 1,037,505 shares of the company’s stock worth $24,184,000 after buying an additional 79,385 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Bottomline Technologies during the second quarter worth about $2,010,000. Hedge funds and other institutional investors own 92.34% of the company’s stock.

About Bottomline Technologies

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.

5 Day Chart for NASDAQ:EPAY

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