BNP Paribas Arbitrage SA increased its position in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 61.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,443 shares of the technology company’s stock after acquiring an additional 7,368 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bottomline Technologies were worth $619,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of EPAY. Hood River Capital Management LLC bought a new stake in Bottomline Technologies during the 2nd quarter worth $11,131,000. Prudential Financial Inc. grew its position in Bottomline Technologies by 109.2% during the 2nd quarter. Prudential Financial Inc. now owns 348,385 shares of the technology company’s stock worth $8,950,000 after acquiring an additional 181,890 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Bottomline Technologies by 10.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,686,819 shares of the technology company’s stock worth $53,691,000 after acquiring an additional 161,900 shares during the last quarter. Bernzott Capital Advisors grew its position in Bottomline Technologies by 17.3% during the 2nd quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock worth $25,303,000 after acquiring an additional 144,975 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Bottomline Technologies by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock worth $90,053,000 after acquiring an additional 83,341 shares during the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.
In other Bottomline Technologies news, CFO Richard Douglas Booth sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $33.78, for a total value of $506,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert A. Eberle sold 30,907 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $33.45, for a total value of $1,033,839.15. Following the sale, the insider now owns 379,100 shares in the company, valued at approximately $12,680,895. The disclosure for this sale can be found here. Insiders sold a total of 63,718 shares of company stock worth $2,136,905 in the last quarter. Corporate insiders own 2.40% of the company’s stock.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. 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 company posted $0.22 EPS. The business’s revenue was up 9.9% on a year-over-year basis. equities analysts expect that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current year.
EPAY has been the topic of a number of research reports. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, November 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a research report on Friday, November 3rd. Finally, Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.
About Bottomline Technologies
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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