Bottomline Technologies, Inc. (NASDAQ:EPAY)‘s stock had its “buy” rating restated by Needham & Company LLC in a note issued to investors on Friday, November 3rd. They presently have a $38.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 14.63% from the stock’s current price.
Several other equities research analysts have also weighed in on EPAY. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Bottomline Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. UBS AG upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Raymond James Financial, Inc. upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.00.
Bottomline Technologies (NASDAQ:EPAY) opened at $33.15 on Friday. The stock has a market cap of $1,337.98, a price-to-earnings ratio of 80.61, a P/E/G ratio of 5.74 and a beta of 1.16. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $34.89.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.70 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. equities analysts predict that Bottomline Technologies will post 0.48 earnings per share for the current fiscal year.
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In other news, insider John Francis Kelly sold 2,913 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $33.75, for a total transaction of $98,313.75. Following the completion of the transaction, the insider now directly owns 35,549 shares of the company’s stock, valued at approximately $1,199,778.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Norman J. Deluca sold 1,584 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the completion of the sale, the insider now directly owns 99,633 shares of the company’s stock, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Global X Management Co. LLC lifted its holdings in Bottomline Technologies by 399.3% during the 2nd quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock valued at $148,000 after purchasing an additional 4,600 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Bottomline Technologies by 71.1% during the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock worth $183,000 after buying an additional 2,963 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Bottomline Technologies during the second quarter worth $201,000. Macquarie Group Ltd. acquired a new stake in shares of Bottomline Technologies during the third quarter worth $204,000. Finally, LaSalle Street Capital Management LLC acquired a new stake in shares of Bottomline Technologies during the second quarter worth $209,000. 91.95% of the stock is owned by institutional investors and hedge funds.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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