American Century Companies Inc. increased its stake in Bottomline Technologies (NASDAQ:EPAY) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,657 shares of the technology company’s stock after buying an additional 1,431 shares during the period. American Century Companies Inc. owned about 0.79% of Bottomline Technologies worth $16,028,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPAY. SG Americas Securities LLC acquired a new position in Bottomline Technologies in the first quarter worth $103,000. Mount Yale Investment Advisors LLC acquired a new position in Bottomline Technologies in the first quarter worth $137,000. Janney Montgomery Scott LLC acquired a new position in Bottomline Technologies in the second quarter worth $202,000. Bayesian Capital Management LP acquired a new position in Bottomline Technologies in the first quarter worth $208,000. Finally, Engineers Gate Manager LP acquired a new position in Bottomline Technologies in the first quarter worth $214,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

A number of equities analysts have commented on EPAY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Bottomline Technologies in a report on Friday, May 4th. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Thursday, May 10th. Citigroup reaffirmed a “positive” rating and issued a $58.00 price objective on shares of Bottomline Technologies in a report on Monday, July 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Bottomline Technologies in a report on Friday, August 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.83.

In other news, CFO Richard Douglas Booth sold 5,700 shares of the business’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $49.03, for a total transaction of $279,471.00. Following the completion of the transaction, the chief financial officer now owns 90,246 shares of the company’s stock, valued at $4,424,761.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey C. Leathe sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $63.25, for a total transaction of $316,250.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $316,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,016 shares of company stock valued at $4,690,936. Corporate insiders own 2.40% of the company’s stock.

Shares of EPAY opened at $65.32 on Friday. Bottomline Technologies has a 1 year low of $29.05 and a 1 year high of $65.90. The firm has a market cap of $2.64 billion, a PE ratio of 85.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87 and a quick ratio of 1.67.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.28%. The company had revenue of $106.50 million during the quarter, compared to the consensus estimate of $101.05 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. analysts anticipate that Bottomline Technologies will post 0.73 earnings per share for the current year.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

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

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