Bottomline Technologies’ (EPAY) “Hold” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) in a research report report published on Monday. The brokerage currently has a $29.00 price objective on the technology company’s stock.
Several other equities research analysts have also commented on EPAY. BidaskClub lowered shares of Bottomline Technologies from a buy rating to a hold rating in a report on Friday, June 16th. UBS AG raised shares of Bottomline Technologies from a market perform rating to an outperform rating in a report on Monday, July 17th. Raymond James Financial, Inc. raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 target price for the company in a report on Monday, July 17th. FIX raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 target price for the company in a report on Monday, July 17th. Finally, Craig Hallum raised shares of Bottomline Technologies from a hold rating to a buy rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $32.00.
Shares of Bottomline Technologies (NASDAQ:EPAY) opened at 31.06 on Monday. Bottomline Technologies has a 52 week low of $21.52 and a 52 week high of $31.12. The stock has a 50 day moving average of $29.05 and a 200-day moving average of $25.88. The stock’s market capitalization is $1.16 billion.
Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.12. The firm had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. Bottomline Technologies’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that Bottomline Technologies will post $1.06 EPS for the current year.
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In other Bottomline Technologies news, insider Norman J. Deluca sold 2,750 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were 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 in the company, valued at $2,116,422.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 1,898 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were 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 owns 77,192 shares in the company, valued at $2,237,796.08. The disclosure for this sale can be found here. Insiders sold 8,625 shares of company stock worth $242,161 over the last quarter. 3.20% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of EPAY. Global X Management Co. LLC lifted its holdings in shares of Bottomline Technologies by 399.3% during the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after purchasing an additional 4,600 shares during the period. State of Alaska Department of Revenue lifted its holdings in 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 acquiring an additional 2,963 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Bottomline Technologies in the second quarter valued at $201,000. LaSalle Street Capital Management LLC acquired a new stake in Bottomline Technologies in the second quarter valued at $209,000. Finally, Mason Street Advisors LLC lifted its holdings in 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 acquiring an additional 856 shares during the period. 90.96% 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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