Bottomline Technologies Inc. (EPAY) Insider Sells $804,781.12 in Stock
Bottomline Technologies Inc. (NASDAQ:EPAY) insider Robert A. Eberle sold 35,992 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $22.36, for a total value of $804,781.12. Following the sale, the insider now directly owns 410,176 shares of the company’s stock, valued at $9,171,535.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) opened at 24.30 on Monday. Bottomline Technologies Inc. has a 1-year low of $18.48 and a 1-year high of $31.58. The stock’s market capitalization is $921.92 million. The stock’s 50 day moving average price is $22.75 and its 200-day moving average price is $22.97.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Wednesday, November 2nd. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company earned $83.08 million during the quarter, compared to analysts’ expectations of $84.38 million. Bottomline Technologies had a positive return on equity of 7.39% and a negative net margin of 7.54%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Equities research analysts anticipate that Bottomline Technologies Inc. will post $0.85 EPS for the current fiscal year.
Several equities research analysts have recently commented on EPAY shares. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of Bottomline Technologies in a report on Tuesday, August 23rd. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Royal Bank Of Canada started coverage on Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 target price for the company. RBC Capital Markets started coverage on Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 target price for the company. Finally, Needham & Company LLC reduced their target price on Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 26th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Several large investors have recently added to or reduced their stakes in EPAY. PineBridge Investments L.P. boosted its stake in Bottomline Technologies by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,807 shares of the company’s stock valued at $104,000 after buying an additional 176 shares during the period. SG Americas Securities LLC purchased a new stake in Bottomline Technologies during the third quarter valued at approximately $127,000. Teacher Retirement System of Texas boosted its stake in Bottomline Technologies by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,651 shares of the company’s stock valued at $122,000 after buying an additional 682 shares during the period. Mason Street Advisors LLC purchased a new stake in Bottomline Technologies during the second quarter valued at approximately $160,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Bottomline Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the company’s stock valued at $196,000 after buying an additional 130 shares during the period. 94.81% of the stock is owned by institutional investors.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It 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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