Comerica Bank raised its stake in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 39.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,292 shares of the technology company’s stock after purchasing an additional 15,110 shares during the period. Comerica Bank owned 0.13% of Bottomline Technologies worth $1,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan lifted its stake in shares of Bottomline Technologies by 51.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,560 shares of the technology company’s stock worth $432,000 after buying an additional 4,630 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Bottomline Technologies by 219.3% in the third quarter. Sei Investments Co. now owns 119,049 shares of the technology company’s stock worth $3,790,000 after buying an additional 81,765 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Bottomline Technologies by 61.0% in the third quarter. BNP Paribas Arbitrage SA now owns 19,443 shares of the technology company’s stock worth $619,000 after buying an additional 7,368 shares in the last quarter. FDx Advisors Inc. purchased a new position in shares of Bottomline Technologies in the third quarter worth about $227,000. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Bottomline Technologies by 53.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 8,799 shares of the technology company’s stock worth $280,000 after buying an additional 3,047 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Norman J. Deluca sold 1,584 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total transaction of $52,367.04. Following the completion of the sale, the insider now directly owns 99,633 shares in the company, valued at $3,293,866.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert A. Eberle sold 30,907 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $33.45, for a total transaction of $1,033,839.15. Following the sale, the insider now owns 379,100 shares of the company’s stock, valued at $12,680,895. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,718 shares of company stock valued at $2,136,905. 2.40% of the stock is owned by company insiders.

Several research firms have recently weighed in on EPAY. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, November 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research note on Monday, September 11th. Finally, Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bottomline Technologies currently has a consensus rating of “Buy” and an average price target of $34.00.

Shares of Bottomline Technologies, Inc. (EPAY) opened at $33.54 on Friday. Bottomline Technologies, Inc. has a 12-month low of $21.52 and a 12-month high of $34.89. The stock has a market cap of $1,349.32, a PE ratio of 81.29, a P/E/G ratio of 5.79 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The firm had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same period last year, the business earned $0.22 earnings per share. Bottomline Technologies’s revenue was up 9.9% compared to the same quarter last year. research analysts forecast that Bottomline Technologies, Inc. will post 0.48 EPS for the current fiscal year.

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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)

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