Bottomline Technologies (NASDAQ:EPAY) has earned an average rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.80.
Several research firms recently issued reports on EPAY. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday. Needham & Company LLC upped their price target on Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd.
In other Bottomline Technologies news, Director Jennifer M. Gray sold 2,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $37.13, for a total value of $74,260.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $185,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert A. Eberle sold 9,078 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.25, for a total value of $338,155.50. Following the completion of the sale, the insider now directly owns 347,341 shares in the company, valued at $12,938,452.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,863 shares of company stock worth $1,066,720. Corporate insiders own 2.40% of the company’s stock.
Bottomline Technologies (EPAY) opened at $39.19 on Wednesday. The company has a market capitalization of $1,608.51, a P/E ratio of 77.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 1.71. Bottomline Technologies has a one year low of $21.52 and a one year high of $39.99.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.51 million. Bottomline Technologies had a positive return on equity of 7.20% and a negative net margin of 3.67%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. sell-side analysts anticipate that Bottomline Technologies will post 0.54 earnings per share for the current year.
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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