Bottomline Technologies Inc. (NASDAQ:EPAY) insider Norman J. Deluca sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $22.77, for a total value of $56,925.00. Following the sale, the insider now directly owns 114,104 shares of the company’s stock, valued at $2,598,148.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) opened at 23.32 on Thursday. The company’s 50-day moving average price is $21.93 and its 200-day moving average price is $24.78. The company’s market capitalization is $880.80 million. Bottomline Technologies Inc. has a 1-year low of $18.48 and a 1-year 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 for the quarter, beating the consensus estimate of $0.30 by $0.07. The business had revenue of $88.10 million for the quarter. Bottomline Technologies had a positive return on equity of 8.84% and a negative net margin of 5.72%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. On average, equities analysts expect that Bottomline Technologies Inc. will post $0.94 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. raised its stake in Bottomline Technologies by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,807 shares of the company’s stock valued at $104,000 after buying an additional 176 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Bottomline Technologies by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,651 shares of the company’s stock worth $122,000 after buying an additional 682 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Bottomline Technologies during the second quarter worth approximately $160,000. Sei Investments Co. raised its stake in shares of Bottomline Technologies by 22.7% in the second quarter. Sei Investments Co. now owns 10,035 shares of the company’s stock worth $216,000 after buying an additional 1,856 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Bottomline Technologies by 7.1% in the first quarter. Legal & General Group Plc now owns 10,058 shares of the company’s stock worth $307,000 after buying an additional 669 shares during the last quarter. 92.34% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on EPAY shares. Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Bottomline Technologies in a report on Tuesday, August 23rd. Canaccord Genuity dropped their price objective on Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 26th. Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Needham & Company LLC lowered their price target on Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 26th. Finally, 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 for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Bottomline Technologies presently has an average rating of “Hold” and a consensus price target of $29.14.
About Bottomline Technologies
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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