Bottomline Technologies Inc. (NASDAQ:EPAY) insider John Francis Kelly sold 1,929 shares of the stock in a transaction on 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 SEC, which can be accessed through the SEC website.
John Francis Kelly also recently made the following trade(s):
- On Wednesday, September 14th, John Francis Kelly sold 945 shares of Bottomline Technologies stock. The stock was sold at an average price of $23.23, for a total value of $21,952.35.
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. Bottomline Technologies Inc. has a 52 week low of $18.48 and a 52 week high of $31.58. The firm’s market capitalization is $840.00 million.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The firm 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Bottomline Technologies Inc. will post $0.88 EPS for the current fiscal year.
Several brokerages recently weighed in on EPAY. Needham & Company LLC cut their target price 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. First Analysis began coverage on Bottomline Technologies in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 target price on the stock. Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Canaccord Genuity cut their target price on Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 26th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Bottomline Technologies in a research report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.44.
Large investors have recently modified their holdings of the stock. Shinko Asset Management Co. Ltd. raised its stake in shares of Bottomline Technologies by 65.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 122,717 shares of the company’s stock worth $2,642,000 after buying an additional 48,632 shares during the period. 1st Global Advisors Inc. raised its stake in shares of Bottomline Technologies by 1.9% in the second quarter. 1st Global Advisors Inc. now owns 23,137 shares of the company’s stock worth $498,000 after buying an additional 423 shares during the period. Eagle Boston Investment Management Inc. raised its stake in shares of Bottomline Technologies by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 429,558 shares of the company’s stock worth $9,248,000 after buying an additional 11,460 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Bottomline Technologies by 12.6% in the second quarter. Eagle Asset Management Inc. now owns 73,707 shares of the company’s stock worth $1,586,000 after buying an additional 8,250 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Bottomline Technologies by 78.4% in the second quarter. Fisher Asset Management LLC now owns 323,359 shares of the company’s stock worth $7,094,000 after buying an additional 142,074 shares during the period. 92.34% of the stock is owned by institutional investors.
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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