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.
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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