Measured Wealth Private Client Group LLC bought a new stake in Bottomline Technologies (NASDAQ:EPAY) in the 1st quarter, HoldingsChannel reports. The fund bought 7,460 shares of the technology company’s stock, valued at approximately $374,000.

A number of other large investors have also recently modified their holdings of EPAY. Migdal Insurance & Financial Holdings Ltd. increased its stake in Bottomline Technologies by 1,114.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock valued at $2,164,000 after purchasing an additional 492,033 shares in the last quarter. Norges Bank bought a new stake in shares of Bottomline Technologies during the fourth quarter worth $22,886,000. BlackRock Inc. increased its position in shares of Bottomline Technologies by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,712,147 shares of the technology company’s stock worth $274,184,000 after acquiring an additional 183,249 shares in the last quarter. Deutsche Bank AG increased its position in shares of Bottomline Technologies by 139.5% during the fourth quarter. Deutsche Bank AG now owns 193,377 shares of the technology company’s stock worth $9,281,000 after acquiring an additional 112,620 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Bottomline Technologies by 1,557.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 113,453 shares of the technology company’s stock worth $5,446,000 after acquiring an additional 106,610 shares in the last quarter. 89.28% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on EPAY. Zacks Investment Research downgraded shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Barrington Research reissued a “buy” rating and set a $62.50 price objective on shares of Bottomline Technologies in a research report on Monday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $57.00 price objective (down previously from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. Raymond James downgraded shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Bottomline Technologies currently has an average rating of “Buy” and a consensus price target of $62.61.

EPAY traded up $1.08 during trading hours on Thursday, hitting $45.89. 3,068 shares of the company’s stock were exchanged, compared to its average volume of 334,348. Bottomline Technologies has a 1-year low of $39.78 and a 1-year high of $74.05. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 60.34 and a beta of 0.92. The company has a current ratio of 1.57, a quick ratio of 1.89 and a debt-to-equity ratio of 0.29.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The business had revenue of $106.44 million during the quarter, compared to analysts’ expectations of $104.46 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts predict that Bottomline Technologies will post 0.58 earnings per share for the current fiscal year.

In related news, insider John Francis Kelly sold 2,942 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $47.20, for a total transaction of $138,862.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Norman J. Deluca sold 3,352 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $47.81, for a total transaction of $160,259.12. Following the transaction, the insider now owns 76,990 shares of the company’s stock, valued at approximately $3,680,891.90. The disclosure for this sale can be found here. Insiders have sold 18,203 shares of company stock valued at $880,167 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

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Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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

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