BNP Paribas Arbitrage SA cut its stake in shares of Bottomline Technologies Inc. (NASDAQ:EPAY) by 50.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,958 shares of the company’s stock after selling 5,965 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bottomline Technologies were worth $139,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in EPAY. Prudential Financial Inc. boosted its stake in Bottomline Technologies by 3.5% in the first quarter. Prudential Financial Inc. now owns 101,035 shares of the company’s stock worth $3,080,000 after buying an additional 3,400 shares during the period. BlackRock Inc. boosted its stake in Bottomline Technologies by 1.9% in the first quarter. BlackRock Inc. now owns 56,157 shares of the company’s stock worth $1,711,000 after buying an additional 1,031 shares during the period. GW&K Investment Management LLC boosted its stake in Bottomline Technologies by 12.2% in the second quarter. GW&K Investment Management LLC now owns 108,450 shares of the company’s stock worth $2,335,000 after buying an additional 11,780 shares during the period. Henderson Group PLC boosted its stake in Bottomline Technologies by 57.6% in the second quarter. Henderson Group PLC now owns 573,090 shares of the company’s stock worth $12,339,000 after buying an additional 209,518 shares during the period. Finally, Aristotle Capital Boston LLC boosted its stake in Bottomline Technologies by 0.8% in the first quarter. Aristotle Capital Boston LLC now owns 277,873 shares of the company’s stock worth $8,472,000 after buying an additional 2,136 shares during the period. 92.34% of the stock is owned by institutional investors.
Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) opened at 22.24 on Wednesday. The stock’s 50 day moving average price is $22.93 and its 200 day moving average price is $24.16. The firm’s market capitalization is $840.00 million. Bottomline Technologies Inc. has a 12-month low of $18.48 and a 12-month high of $31.58.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. Bottomline Technologies had a positive return on equity of 8.84% and a negative net margin of 5.72%. The company had revenue of $88.10 million for the quarter. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Bottomline Technologies Inc. will post $0.88 earnings per share for the current year.
A number of research firms recently weighed in on EPAY. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank Of Canada began coverage on Bottomline Technologies in a research note on Friday, September 30th. They issued a “sector perform” rating and a $26.00 price target on the stock. First Analysis assumed coverage on Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price target on the stock. Needham & Company LLC lowered their price objective on Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 26th. Finally, RBC Capital Markets assumed coverage on Bottomline Technologies in a research report on Friday, September 30th. They set a “sector perform” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.44.
In other Bottomline Technologies news, insider John Francis Kelly sold 1,929 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $23.15, for a total value of $44,656.35. Following the transaction, the insider now directly owns 38,687 shares in the company, valued at approximately $895,604.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Norman J. Deluca sold 2,500 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $20.83, for a total value of $52,075.00. Following the completion of the transaction, the insider now owns 118,634 shares in the company, valued at $2,471,146.22. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents, Hosted Solutions and Digital Banking. The Company 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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