Fisher Asset Management LLC increased its position in Bottomline Technologies Inc. (NASDAQ:EPAY) by 51.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490,159 shares of the company’s stock after buying an additional 166,800 shares during the period. Fisher Asset Management LLC owned approximately 1.30% of Bottomline Technologies worth $11,426,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Bottomline Technologies by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,923 shares of the company’s stock worth $257,000 after buying an additional 6,264 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of 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 during the last quarter. Eagle Asset Management Inc. raised its position in shares of Bottomline Technologies by 12.6% in the second quarter. Eagle Asset Management Inc. now owns 73,707 shares of the company’s stock worth $1,586,000 after buying an additional 8,250 shares during the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of Bottomline Technologies by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 429,558 shares of the company’s stock worth $9,248,000 after buying an additional 11,460 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its position in shares of Bottomline Technologies by 1.9% in the second quarter. 1st Global Advisors Inc. now owns 23,137 shares of the company’s stock worth $498,000 after buying an additional 423 shares during the last quarter. Institutional investors own 96.24% of the company’s stock.

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

Bottomline Technologies Inc. (NASDAQ:EPAY) traded up 0.68% during midday trading on Friday, reaching $25.04. 61,071 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $23.14 and its 200 day moving average price is $22.82. Bottomline Technologies Inc. has a 1-year low of $18.48 and a 1-year high of $31.58. The firm’s market cap is $949.64 million.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $83.08 million for the quarter, compared to analyst estimates 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 was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. Equities research analysts anticipate that Bottomline Technologies Inc. will post $0.85 EPS for the current year.

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Several equities analysts recently weighed in on EPAY shares. Royal Bank Of Canada started coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They issued a “sector perform” rating and a $26.00 price objective on the stock. RBC Capital Markets started coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Barrington Research restated an “outperform” rating and issued a $30.00 price objective on shares of Bottomline Technologies in a report on Tuesday, August 23rd. Finally, Canaccord Genuity cut their price objective on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.

In other Bottomline Technologies news, insider Robert A. Eberle sold 35,992 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $22.36, for a total transaction of $804,781.12. Following the sale, the insider now directly owns 410,176 shares of the company’s stock, valued at approximately $9,171,535.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Francis Kelly sold 1,929 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $23.15, for a total transaction of $44,656.35. Following the sale, the insider now directly owns 38,687 shares in the company, valued at $895,604.05. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

About Bottomline Technologies

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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