First Hawaiian Bank Grows Holdings in Bottomline Technologies (EPAY)

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First Hawaiian Bank grew its holdings in shares of Bottomline Technologies (NASDAQ:EPAY) by 31.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,045 shares of the technology company’s stock after buying an additional 247 shares during the quarter. First Hawaiian Bank’s holdings in Bottomline Technologies were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Quadrant L P CA acquired a new stake in Bottomline Technologies in the fourth quarter valued at $69,000. Quantamental Technologies LLC acquired a new stake in Bottomline Technologies in the fourth quarter valued at $91,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bottomline Technologies by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock valued at $130,000 after acquiring an additional 406 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Bottomline Technologies in the fourth quarter valued at $131,000. Finally, Point72 Asset Management L.P. acquired a new stake in Bottomline Technologies in the third quarter valued at $145,000. Institutional investors own 88.71% of the company’s stock.

Shares of NASDAQ:EPAY opened at $47.53 on Monday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 62.54, a price-to-earnings-growth ratio of 7.13 and a beta of 0.94. Bottomline Technologies has a 1-year low of $38.49 and a 1-year high of $74.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 1.89.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $104.85 million for the quarter, compared to analysts’ expectations of $103.73 million. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. As a group, equities research analysts anticipate that Bottomline Technologies will post 0.57 EPS for the current year.

In other Bottomline Technologies news, CFO Richard Douglas Booth sold 6,014 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $48.34, for a total transaction of $290,716.76. Following the sale, the chief financial officer now directly owns 99,324 shares of the company’s stock, valued at $4,801,322.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Francis Kelly sold 2,942 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $47.20, for a total transaction of $138,862.40. The disclosure for this sale can be found here. Insiders have sold 14,851 shares of company stock worth $719,908 over the last three months. 2.40% of the stock is owned by corporate insiders.

Several analysts recently issued reports on the stock. TheStreet raised shares of Bottomline Technologies from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub cut shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Raymond James dropped their target price on shares of Bottomline Technologies from $77.00 to $65.00 in a report on Monday, February 4th. Finally, Craig Hallum dropped their target price on shares of Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Bottomline Technologies presently has an average rating of “Buy” and an average price target of $61.78.

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About Bottomline Technologies

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

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