Bottomline Technologies (NASDAQ:EPAY) Given “Buy” Rating at Barrington Research

Bottomline Technologies (NASDAQ:EPAY)‘s stock had its “buy” rating reiterated by analysts at Barrington Research in a research report issued on Monday, February 4th. Barrington Research also issued estimates for Bottomline Technologies’ Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.13 EPS and FY2019 earnings at $0.54 EPS.

The analysts wrote, “We believe that EPAY’s pipeline of new business opportunities remains robust and continues to build sequentially.””

A number of other research firms also recently issued reports on EPAY. Zacks Investment Research downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. Citigroup set a $75.00 price target on shares of Bottomline Technologies and gave the stock a “buy” rating in a report on Wednesday, October 17th. Craig Hallum downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 9th. First Analysis raised shares of Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a report on Monday, November 12th. Finally, BidaskClub downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Bottomline Technologies currently has an average rating of “Buy” and an average price target of $61.78.

EPAY traded up $0.95 during mid-day trading on Monday, reaching $50.83. 257,820 shares of the stock were exchanged, compared to its average volume of 538,393. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 66.88, a P/E/G ratio of 7.17 and a beta of 0.96. Bottomline Technologies has a 1 year low of $36.13 and a 1 year high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $104.85 million for the quarter, compared to the consensus estimate of $103.73 million. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. As a group, equities analysts anticipate that Bottomline Technologies will post 0.57 EPS for the current year.

In other Bottomline Technologies news, insider John Francis Kelly sold 2,942 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $47.20, for a total value of $138,862.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel K. Savory sold 6,723 shares of the stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $50.29, for a total value of $338,099.67. Following the sale, the insider now directly owns 123,187 shares of the company’s stock, valued at approximately $6,195,074.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,257 shares of company stock worth $1,513,617. 2.40% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in EPAY. Capital World Investors boosted its stake in shares of Bottomline Technologies by 34.5% during the third quarter. Capital World Investors now owns 3,656,000 shares of the technology company’s stock valued at $265,828,000 after purchasing an additional 938,049 shares during the period. BlackRock Inc. boosted its stake in shares of Bottomline Technologies by 6.4% during the third quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock valued at $402,006,000 after purchasing an additional 331,293 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Bottomline Technologies by 403.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 409,424 shares of the technology company’s stock valued at $27,909,000 after purchasing an additional 328,112 shares during the period. Vanguard Group Inc boosted its stake in shares of Bottomline Technologies by 6.1% during the third quarter. Vanguard Group Inc now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after purchasing an additional 233,817 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Bottomline Technologies by 6.1% during the third quarter. Vanguard Group Inc. now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after purchasing an additional 233,817 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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