Bottomline Technologies, Inc. (NASDAQ:EPAY) – Investment analysts at First Analysis issued their Q4 2018 earnings per share estimates for Bottomline Technologies in a report released on Friday. First Analysis analyst L. Berlin expects that the technology company will post earnings of $0.29 per share for the quarter.

A number of other brokerages also recently issued reports on EPAY. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target (up from $31.00) on shares of Bottomline Technologies in a report on Friday. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a report on Friday. Finally, FIX raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Bottomline Technologies has an average rating of “Buy” and a consensus target price of $30.50.

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Bottomline Technologies (EPAY) traded down 3.3837% during midday trading on Monday, reaching $29.3134. 301,035 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $27.46 and its 200 day moving average is $25.41. The firm’s market capitalization is $1.10 billion. Bottomline Technologies has a 52 week low of $18.48 and a 52 week high of $31.10.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.12. Bottomline Technologies had a positive return on equity of 4.30% and a negative net margin of 9.48%. The firm had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.95 million. During the same quarter in the previous year, the business posted $0.37 EPS. Bottomline Technologies’s revenue was up 6.1% on a year-over-year basis.

In other news, insider Norman J. Deluca sold 1,898 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $28.99, for a total transaction of $55,023.02. Following the completion of the transaction, the insider now directly owns 77,192 shares of the company’s stock, valued at approximately $2,237,796.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Norman J. Deluca sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.33, for a total value of $69,657.50. Following the transaction, the insider now directly owns 83,554 shares of the company’s stock, valued at $2,116,422.82. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EPAY. Global X Management Co. LLC increased its position in shares of Bottomline Technologies by 399.3% in the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock valued at $148,000 after buying an additional 4,600 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Bottomline Technologies by 71.1% in the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock valued at $183,000 after buying an additional 2,963 shares during the last quarter. LaSalle Street Capital Management LLC acquired a new position in shares of Bottomline Technologies during the second quarter valued at $209,000. Mason Street Advisors LLC increased its position in shares of Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after buying an additional 856 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Bottomline Technologies by 7.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the technology company’s stock valued at $229,000 after buying an additional 600 shares during the last quarter. 92.46% of the stock is owned by institutional investors and hedge funds.

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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