Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 3,352 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $47.81, for a total transaction of $160,259.12. Following the sale, the insider now owns 76,990 shares in the company, valued at approximately $3,680,891.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ EPAY traded up $0.11 during trading on Monday, hitting $47.64. The company had a trading volume of 299,141 shares, compared to its average volume of 343,634. Bottomline Technologies has a fifty-two week low of $38.49 and a fifty-two week high of $74.05. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 62.68, a price-to-earnings-growth ratio of 7.13 and a beta of 0.94. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.30.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. The business had revenue of $104.85 million for the quarter, compared to analyst estimates of $103.73 million. Equities research analysts anticipate that Bottomline Technologies will post 0.57 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. First Hawaiian Bank grew its position in shares of Bottomline Technologies by 31.0% in the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after purchasing an additional 247 shares during the period. First Quadrant L P CA acquired a new stake in shares of Bottomline Technologies in the fourth quarter valued at about $69,000. Quantamental Technologies LLC acquired a new stake in shares of Bottomline Technologies in the fourth quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 purchasing an additional 406 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Bottomline Technologies in the fourth quarter valued at about $131,000. Institutional investors and hedge funds own 88.71% of the company’s stock.
Several analysts recently commented on EPAY shares. Craig Hallum dropped their price target on shares of Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, February 4th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research report on Tuesday, January 29th. Needham & Company LLC dropped their price target on shares of Bottomline Technologies to $62.00 and set a “buy” rating on the stock in a research report on Friday, February 1st. TheStreet upgraded shares of Bottomline Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.78.
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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