Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of research firms recently weighed in on EPAY. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. RBC Capital Markets began coverage on shares of Bottomline Technologies in a research report on Friday, September 30th. They issued a “sector perform” rating and a $26.00 target price for the company. Royal Bank Of Canada began coverage on shares of Bottomline Technologies in a research report on Friday, September 30th. They issued a “sector perform” rating and a $26.00 target price for the company. 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. Finally, 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.

Shares of Bottomline Technologies (NASDAQ:EPAY) opened at 24.94 on Thursday. Bottomline Technologies has a 1-year low of $18.48 and a 1-year high of $31.58. The company’s market cap is $945.85 million. The company has a 50-day moving average of $22.87 and a 200-day moving average of $22.81.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business earned $83.08 million during the quarter, compared to the consensus estimate of $84.38 million. Bottomline Technologies had a negative net margin of 7.54% and a positive return on equity of 7.39%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. Equities analysts forecast that Bottomline Technologies will post $0.85 EPS for the current year.

In other news, insider Norman J. Deluca sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $22.77, for a total transaction of $56,925.00. Following the completion of the sale, the insider now owns 114,104 shares in the company, valued at approximately $2,598,148.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert A. Eberle sold 35,992 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $22.36, for a total transaction of $804,781.12. Following the sale, the insider now owns 410,176 shares of the company’s stock, valued at approximately $9,171,535.36. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BB&T Corp bought a new stake in Bottomline Technologies during the second quarter worth about $223,000. North Star Asset Management Inc. boosted its stake in Bottomline Technologies by 17.3% in the second quarter. North Star Asset Management Inc. now owns 958,120 shares of the company’s stock worth $20,628,000 after buying an additional 141,628 shares in the last quarter. Henderson Group PLC boosted its stake in Bottomline Technologies by 57.6% in the second quarter. Henderson Group PLC now owns 573,090 shares of the company’s stock worth $12,339,000 after buying an additional 209,518 shares in the last quarter. Nicolet Bankshares Inc. boosted its stake in Bottomline Technologies by 12.0% in the second quarter. Nicolet Bankshares Inc. now owns 25,140 shares of the company’s stock worth $541,000 after buying an additional 2,690 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Bottomline Technologies by 12.2% in the second quarter. GW&K Investment Management LLC now owns 108,450 shares of the company’s stock worth $2,335,000 after buying an additional 11,780 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

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.

5 Day Chart for NASDAQ:EPAY

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