Bottomline Technologies, Inc. (EPAY) Holdings Boosted by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. raised its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 401,392 shares of the technology company’s stock after buying an additional 19,404 shares during the period. Bottomline Technologies accounts for about 1.5% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 12th biggest position. Eagle Boston Investment Management Inc. owned 0.99% of Bottomline Technologies worth $15,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPAY. California Public Employees Retirement System raised its stake in shares of Bottomline Technologies by 7.7% in the third quarter. California Public Employees Retirement System now owns 75,383 shares of the technology company’s stock worth $2,399,000 after acquiring an additional 5,383 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Bottomline Technologies by 17.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 202,958 shares of the technology company’s stock worth $7,039,000 after acquiring an additional 30,827 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Bottomline Technologies in the fourth quarter worth about $1,560,000. GW&K Investment Management LLC raised its stake in shares of Bottomline Technologies by 41.1% in the fourth quarter. GW&K Investment Management LLC now owns 118,836 shares of the technology company’s stock worth $4,121,000 after acquiring an additional 34,633 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Bottomline Technologies by 14.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,937,549 shares of the technology company’s stock worth $67,194,000 after acquiring an additional 250,730 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on EPAY shares. Citigroup started coverage on shares of Bottomline Technologies in a research note on Wednesday, March 28th. They issued a “buy” rating and a $46.00 target price for the company. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, March 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Bottomline Technologies in a research note on Friday, May 4th. BidaskClub downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. Finally, Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.86.

EPAY opened at $46.00 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.84 billion, a P/E ratio of 80.59 and a beta of 0.99. Bottomline Technologies, Inc. has a fifty-two week low of $44.41 and a fifty-two week high of $45.07.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $101.14 million during the quarter, compared to the consensus estimate of $96.99 million. Bottomline Technologies had a negative net margin of 2.05% and a positive return on equity of 7.86%. Bottomline Technologies’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Bottomline Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

In related news, CFO Richard Douglas Booth sold 5,660 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $38.67, for a total transaction of $218,872.20. Following the completion of the sale, the chief financial officer now directly owns 97,243 shares of the company’s stock, valued at $3,760,386.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nigel K. Savory sold 11,125 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $39.14, for a total transaction of $435,432.50. Following the sale, the insider now directly owns 127,441 shares of the company’s stock, valued at $4,988,040.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,494 shares of company stock valued at $1,292,258. 2.40% of the stock is currently owned by insiders.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

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

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