Bottomline Technologies (NASDAQ:EPAY) insider Nigel K. Savory sold 5,926 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $67.14, for a total transaction of $397,871.64. Following the completion of the sale, the insider now owns 135,140 shares in the company, valued at $9,073,299.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EPAY traded up $0.53 on Friday, reaching $69.38. 335,515 shares of the stock traded hands, compared to its average volume of 377,043. Bottomline Technologies has a 12 month low of $31.75 and a 12 month high of $74.05. The stock has a market cap of $3.08 billion, a PE ratio of 91.29, a P/E/G ratio of 8.34 and a beta of 0.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.48.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The firm had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $101.05 million. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Equities analysts forecast that Bottomline Technologies will post 0.73 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Bottomline Technologies during the first quarter worth $103,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Bottomline Technologies during the first quarter valued at $137,000. Janney Montgomery Scott LLC acquired a new position in shares of Bottomline Technologies during the second quarter valued at $202,000. Raymond James & Associates acquired a new position in shares of Bottomline Technologies during the second quarter valued at $204,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Bottomline Technologies during the second quarter valued at $210,000. Institutional investors own 93.59% of the company’s stock.
Several research firms have weighed in on EPAY. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Zacks Investment Research cut Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. DA Davidson began coverage on Bottomline Technologies in a report on Tuesday, September 11th. They set a “neutral” rating and a $58.00 price target for the company. Citigroup lifted their price target on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Royal Bank of Canada boosted their target price on Bottomline Technologies from $42.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $59.57.
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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