Craig Hallum Trims Bottomline Technologies (EPAY) Target Price to $55.00

Bottomline Technologies (NASDAQ:EPAY) had its target price cut by Craig Hallum from $63.00 to $55.00 in a research note published on Monday, February 4th, The Fly reports. They currently have a hold rating on the technology company’s stock.

EPAY has been the subject of several other research reports. Barrington Research reaffirmed a buy rating on shares of Bottomline Technologies in a research report on Monday, February 4th. TheStreet lowered shares of Bottomline Technologies from a b rating to a c rating in a research report on Friday, November 9th. BidaskClub lowered shares of Bottomline Technologies from a strong-buy rating to a buy rating in a research report on Tuesday, November 13th. DA Davidson upped their target price on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a neutral rating in a research note on Friday, February 1st. Finally, ValuEngine downgraded shares of Bottomline Technologies from a strong-buy rating to a buy rating in a research note on Wednesday, January 2nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $61.78.

EPAY stock traded up $0.95 during trading on Monday, reaching $50.83. 257,820 shares of the company were exchanged, compared to its average volume of 538,393. Bottomline Technologies has a 52-week low of $36.13 and a 52-week high of $74.05. The company has a market cap of $2.12 billion, a P/E ratio of 66.88, a P/E/G ratio of 7.17 and a beta of 0.96. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company 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%. On average, equities research analysts expect that Bottomline Technologies will post 0.57 earnings per share for the current year.

In related news, CEO Robert A. Eberle sold 15,024 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $50.54, for a total value of $759,312.96. Following the sale, the chief executive officer now owns 402,432 shares of the company’s stock, valued at approximately $20,338,913.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Francis Kelly sold 2,942 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $47.20, for a total transaction of $138,862.40. 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. Insiders own 2.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. First Quadrant L P CA acquired a new position in shares of Bottomline Technologies in the 4th quarter worth approximately $69,000. Quantamental Technologies LLC acquired a new position in shares of Bottomline Technologies in the fourth quarter worth about $91,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bottomline Technologies by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock worth $130,000 after buying an additional 406 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Bottomline Technologies in the fourth quarter worth about $131,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Bottomline Technologies in the third quarter worth about $145,000. 88.95% of the stock is currently 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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