Wall Street analysts predict that Bottomline Technologies (NASDAQ:EPAY) will post earnings per share of $0.33 for the current quarter, Zacks reports. Three analysts have provided estimates for Bottomline Technologies’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.37. Bottomline Technologies reported earnings per share of $0.34 during the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The firm is expected to report its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Bottomline Technologies will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.36. For the next financial year, analysts forecast that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.27 to $1.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Bottomline Technologies had a positive return on equity of 4.17% and a negative net margin of 0.61%. The business had revenue of $111.70 million for the quarter, compared to the consensus estimate of $113.06 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. Bottomline Technologies’s quarterly revenue was up 4.9% on a year-over-year basis.

A number of research firms recently commented on EPAY. Needham & Company LLC increased their price target on Bottomline Technologies from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup increased their price target on Bottomline Technologies from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Raymond James lowered their price target on Bottomline Technologies from $66.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Finally, DA Davidson lowered Bottomline Technologies from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Bottomline Technologies currently has a consensus rating of “Buy” and a consensus target price of $47.79.

In other news, Director Peter Gibson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $32.15 per share, with a total value of $128,600.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,125,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nigel K. Savory sold 1,401 shares of Bottomline Technologies stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $38.34, for a total value of $53,714.34. Following the completion of the sale, the director now directly owns 150,914 shares of the company’s stock, valued at approximately $5,786,042.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,550 shares of company stock valued at $174,447. Insiders own 2.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its stake in Bottomline Technologies by 71.1% in the 4th quarter. Barclays PLC now owns 76,979 shares of the technology company’s stock worth $4,125,000 after purchasing an additional 31,981 shares during the period. Texas Permanent School Fund increased its stake in shares of Bottomline Technologies by 24.2% during the first quarter. Texas Permanent School Fund now owns 32,387 shares of the technology company’s stock valued at $1,187,000 after buying an additional 6,317 shares during the period. Bank of Montreal Can increased its stake in shares of Bottomline Technologies by 121.3% during the fourth quarter. Bank of Montreal Can now owns 82,397 shares of the technology company’s stock valued at $4,416,000 after buying an additional 45,160 shares during the period. UBS Group AG increased its stake in shares of Bottomline Technologies by 110.1% during the fourth quarter. UBS Group AG now owns 65,783 shares of the technology company’s stock valued at $3,526,000 after buying an additional 34,480 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new position in shares of Bottomline Technologies during the fourth quarter valued at approximately $2,533,000. 91.42% of the stock is owned by institutional investors.

Shares of EPAY traded down $0.11 during trading hours on Friday, reaching $40.39. The stock had a trading volume of 743,518 shares, compared to its average volume of 307,781. Bottomline Technologies has a 12 month low of $27.82 and a 12 month high of $57.22. The firm has a 50-day simple moving average of $38.59 and a 200 day simple moving average of $45.40. The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -672.97 and a beta of 1.23.

About Bottomline Technologies

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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