Bottomline Technologies (EPAY) Cut to Hold at Craig Hallum

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Craig Hallum lowered shares of Bottomline Technologies (NASDAQ:EPAY) from a buy rating to a hold rating in a research report released on Friday, The Fly reports.

A number of other equities analysts have also weighed in on the stock. Barrington Research restated a buy rating on shares of Bottomline Technologies in a report on Monday, November 5th. Citigroup set a $75.00 price objective on shares of Bottomline Technologies and gave the stock a buy rating in a report on Wednesday, October 17th. Zacks Investment Research lowered shares of Bottomline Technologies from a strong-buy rating to a hold rating in a report on Tuesday, October 9th. DA Davidson assumed coverage on shares of Bottomline Technologies in a report on Tuesday, September 11th. They issued a neutral rating and a $58.00 price objective for the company. Finally, TheStreet upgraded shares of Bottomline Technologies from a c+ rating to a b rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Bottomline Technologies has an average rating of Buy and a consensus price target of $60.86.

NASDAQ EPAY traded down $10.44 during mid-day trading on Friday, reaching $54.74. The stock had a trading volume of 1,830,801 shares, compared to its average volume of 380,984. Bottomline Technologies has a 1 year low of $32.00 and a 1 year high of $74.05. The firm has a market cap of $2.83 billion, a P/E ratio of 72.03, a PEG ratio of 7.41 and a beta of 0.97. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.30%. The company had revenue of $102.44 million during the quarter, compared to analyst estimates of $99.90 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Bottomline Technologies will post 0.74 earnings per share for the current fiscal year.

In other Bottomline Technologies news, insider John Francis Kelly sold 5,198 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $59.95, for a total transaction of $311,620.10. Following the completion of the sale, the insider now directly owns 69,425 shares in the company, valued at approximately $4,162,028.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert A. Eberle sold 26,903 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $63.00, for a total transaction of $1,694,889.00. Following the sale, the insider now owns 437,017 shares of the company’s stock, valued at $27,532,071. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,578 shares of company stock valued at $5,222,230. Company insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Bottomline Technologies by 6.4% in the 3rd quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock worth $402,006,000 after purchasing an additional 331,293 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Bottomline Technologies by 6.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,995,735 shares of the technology company’s stock worth $99,447,000 after purchasing an additional 122,741 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Bottomline Technologies by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock worth $43,114,000 after purchasing an additional 40,626 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Bottomline Technologies by 10.2% in the 2nd quarter. Hood River Capital Management LLC now owns 648,920 shares of the technology company’s stock worth $32,336,000 after purchasing an additional 60,210 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Bottomline Technologies by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 558,683 shares of the technology company’s stock worth $40,622,000 after purchasing an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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