Aigen Investment Management LP Purchases New Position in Bottomline Technologies (de), Inc. (NASDAQ:EPAY)

Aigen Investment Management LP purchased a new stake in shares of Bottomline Technologies (de), Inc. (NASDAQ:EPAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,214 shares of the technology company’s stock, valued at approximately $379,000.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Bottomline Technologies (de) by 12.5% during the 1st quarter. Barclays PLC now owns 55,256 shares of the technology company’s stock valued at $2,501,000 after purchasing an additional 6,154 shares during the last quarter. Cambiar Investors LLC lifted its holdings in Bottomline Technologies (de) by 28.9% during the 2nd quarter. Cambiar Investors LLC now owns 73,386 shares of the technology company’s stock valued at $2,721,000 after purchasing an additional 16,465 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Bottomline Technologies (de) by 63.1% during the 1st quarter. Renaissance Technologies LLC now owns 84,742 shares of the technology company’s stock valued at $3,835,000 after purchasing an additional 32,800 shares during the last quarter. Zebra Capital Management LLC bought a new position in Bottomline Technologies (de) during the 1st quarter valued at about $263,000. Finally, Brown Advisory Inc. bought a new position in Bottomline Technologies (de) during the 1st quarter valued at about $4,926,000. 89.47% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:EPAY opened at $41.38 on Wednesday. Bottomline Technologies has a one year low of $36.05 and a one year high of $55.09. The company has a 50 day moving average of $40.55 and a 200-day moving average of $41.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -108.89 and a beta of 1.32.

Bottomline Technologies (de) (NASDAQ:EPAY) last issued its quarterly earnings results on Monday, August 9th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Bottomline Technologies (de) had a negative net margin of 3.46% and a positive return on equity of 2.27%. The company had revenue of $122.10 million during the quarter, compared to analysts’ expectations of $122.99 million. During the same quarter in the previous year, the company earned $0.26 EPS. Bottomline Technologies (de)’s revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Bottomline Technologies will post 0.26 earnings per share for the current year.

EPAY has been the subject of a number of research analyst reports. Raymond James dropped their target price on shares of Bottomline Technologies (de) from $54.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, August 12th. Craig Hallum dropped their target price on shares of Bottomline Technologies (de) from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, August 11th. Zacks Investment Research downgraded shares of Bottomline Technologies (de) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 18th. DA Davidson dropped their target price on shares of Bottomline Technologies (de) from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, August 16th. Finally, Needham & Company LLC dropped their target price on shares of Bottomline Technologies (de) from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Bottomline Technologies (de) has a consensus rating of “Hold” and a consensus price target of $47.40.

In related news, CEO Robert A. Eberle sold 2,315 shares of the business’s stock in a transaction that occurred on Tuesday, July 13th. The shares were sold at an average price of $38.49, for a total transaction of $89,104.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ken D’amato sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $42.98, for a total transaction of $214,900.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $644,700. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,878 shares of company stock valued at $1,509,819. Corporate insiders own 2.60% of the company’s stock.

About Bottomline Technologies (de)

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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

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