Bottomline Technologies (EPAY) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Bottomline Technologies (NASDAQ:EPAY) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,383 shares of the technology company’s stock after acquiring an additional 5,383 shares during the period. California Public Employees Retirement System owned 0.19% of Bottomline Technologies worth $2,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hood River Capital Management LLC raised its position in shares of Bottomline Technologies by 13.0% during the 3rd quarter. Hood River Capital Management LLC now owns 489,434 shares of the technology company’s stock worth $15,579,000 after acquiring an additional 56,155 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of Bottomline Technologies by 13.0% during the 2nd quarter. Nomura Holdings Inc. now owns 105,631 shares of the technology company’s stock worth $2,719,000 after acquiring an additional 12,165 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Bottomline Technologies by 51.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,560 shares of the technology company’s stock worth $432,000 after acquiring an additional 4,630 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bottomline Technologies by 1,092.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 312,429 shares of the technology company’s stock worth $10,001,000 after acquiring an additional 286,229 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Bottomline Technologies by 122.6% during the 3rd quarter. Bessemer Group Inc. now owns 50,300 shares of the technology company’s stock worth $1,601,000 after acquiring an additional 27,700 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

In other Bottomline Technologies news, insider Robert A. Eberle sold 30,907 shares of Bottomline Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $33.45, for a total transaction of $1,033,839.15. Following the transaction, the insider now owns 379,100 shares of the company’s stock, valued at $12,680,895. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ken D’amato sold 2,000 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $34.51, for a total value of $69,020.00. Following the completion of the transaction, the director now owns 18,000 shares in the company, valued at $621,180. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,443 shares of company stock worth $2,901,812. 2.40% of the stock is currently owned by corporate insiders.

EPAY has been the topic of several research analyst reports. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Bottomline Technologies in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bottomline Technologies presently has an average rating of “Buy” and an average target price of $34.00.

Bottomline Technologies (EPAY) opened at $36.86 on Thursday. The company has a market capitalization of $1,468.34, a P/E ratio of -52.66, a price-to-earnings-growth ratio of 6.30 and a beta of 1.17. Bottomline Technologies has a 12-month low of $21.52 and a 12-month high of $37.30.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.70 million. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. research analysts predict that Bottomline Technologies will post 0.48 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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