OxFORD Asset Management LLP lifted its holdings in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 208.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,403 shares of the technology company’s stock after buying an additional 71,960 shares during the quarter. OxFORD Asset Management LLP owned about 0.28% of Bottomline Technologies worth $2,733,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Hood River Capital Management LLC bought a new position in Bottomline Technologies in the 2nd quarter worth approximately $11,131,000. Parametric Portfolio Associates LLC grew its stake in Bottomline Technologies by 17.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 178,703 shares of the technology company’s stock valued at $4,591,000 after buying an additional 26,391 shares in the last quarter. Vanguard Group Inc. grew its stake in Bottomline Technologies by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock valued at $90,053,000 after buying an additional 83,341 shares in the last quarter. Northern Trust Corp grew its stake in Bottomline Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 522,614 shares of the technology company’s stock valued at $13,426,000 after buying an additional 2,525 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in Bottomline Technologies by 18.7% in the 2nd quarter. GSA Capital Partners LLP now owns 25,965 shares of the technology company’s stock valued at $667,000 after buying an additional 4,096 shares in the last quarter. Institutional investors own 89.69% of the company’s stock.

Bottomline Technologies, Inc. (EPAY) opened at 32.55 on Wednesday. Bottomline Technologies, Inc. has a 52-week low of $21.52 and a 52-week high of $32.77. The company’s market capitalization is $1.22 billion. The stock has a 50 day moving average of $30.55 and a 200-day moving average of $26.70.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The company had revenue of $93.50 million during the quarter, compared to the consensus estimate of $90.95 million. During the same period last year, the business earned $0.37 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price (up previously from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BidaskClub raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price target on shares of Bottomline Technologies in a research report on Wednesday, July 5th. Finally, FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Bottomline Technologies has an average rating of “Buy” and a consensus price target of $32.00.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/04/oxford-asset-management-llp-acquires-71960-shares-of-bottomline-technologies-inc-epay.html.

In related news, insider John Francis Kelly sold 3,977 shares of Bottomline Technologies stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the transaction, the insider now owns 40,175 shares in the company, valued at approximately $1,186,769.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction 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 transaction, the insider now owns 77,192 shares in the company, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Bottomline Technologies 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.

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

Receive News & Stock Ratings for Bottomline Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies Inc. and related stocks with our FREE daily email newsletter.