OppenheimerFunds Inc. lessened its stake in shares of Bottomline Technologies (NASDAQ:EPAY) by 2.3% during the first quarter, HoldingsChannel.com reports. The fund owned 335,437 shares of the technology company’s stock after selling 7,897 shares during the period. OppenheimerFunds Inc.’s holdings in Bottomline Technologies were worth $16,802,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. First Hawaiian Bank increased its stake in shares of Bottomline Technologies by 31.0% in the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after purchasing an additional 247 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Bottomline Technologies in the 4th quarter valued at $131,000. LS Investment Advisors LLC increased its stake in shares of Bottomline Technologies by 246.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,706 shares of the technology company’s stock valued at $178,000 after purchasing an additional 2,637 shares during the last quarter. Intrust Bank NA increased its stake in shares of Bottomline Technologies by 35.2% in the 4th quarter. Intrust Bank NA now owns 4,867 shares of the technology company’s stock valued at $233,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Bottomline Technologies by 17.0% in the 4th quarter. Raymond James & Associates now owns 5,043 shares of the technology company’s stock valued at $242,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered Bottomline Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Barrington Research reiterated a “buy” rating and issued a $62.50 price target on shares of Bottomline Technologies in a research note on Monday, April 29th. Raymond James lowered Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $65.00 to $55.00 in a research note on Friday, May 3rd. Finally, Needham & Company LLC restated 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.61.

In related news, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $44.97, for a total transaction of $89,940.00. Following the sale, the director now owns 6,000 shares in the company, valued at approximately $269,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert A. Eberle sold 21,824 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $45.17, for a total value of $985,790.08. Following the sale, the insider now owns 375,202 shares in the company, valued at approximately $16,947,874.34. The disclosure for this sale can be found here. Insiders have sold a total of 43,741 shares of company stock worth $1,965,572 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Shares of EPAY stock opened at $45.14 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 60.19 and a beta of 1.03. Bottomline Technologies has a twelve month low of $39.78 and a twelve month high of $74.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.21. The business had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. Bottomline Technologies’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts expect that Bottomline Technologies will post 0.58 EPS for the current fiscal year.

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Bottomline Technologies 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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