Bottomline Technologies (NASDAQ:EPAY) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 772,200 shares, an increase of 17.4% from the September 30th total of 657,500 shares. Based on an average daily volume of 240,200 shares, the short-interest ratio is presently 3.2 days. Approximately 1.8% of the company’s shares are sold short.
In other Bottomline Technologies news, CEO Robert A. Eberle sold 13,945 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $40.99, for a total value of $571,605.55. Following the transaction, the chief executive officer now owns 497,681 shares in the company, valued at $20,399,944.19. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nigel K. Savory sold 12,252 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $43.13, for a total value of $528,428.76. Following the completion of the transaction, the director now owns 177,375 shares in the company, valued at approximately $7,650,183.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,066 shares of company stock worth $1,583,993. 2.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Capital Group LLC grew its position in shares of Bottomline Technologies by 42.8% in the second quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock valued at $39,000 after purchasing an additional 237 shares in the last quarter. Marshall Wace LLP bought a new stake in Bottomline Technologies during the first quarter valued at $45,000. AdvisorNet Financial Inc boosted its stake in Bottomline Technologies by 65.0% during the third quarter. AdvisorNet Financial Inc now owns 1,650 shares of the technology company’s stock valued at $65,000 after buying an additional 650 shares during the period. Advisor Group Inc. boosted its stake in Bottomline Technologies by 17.4% during the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock valued at $82,000 after buying an additional 271 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Bottomline Technologies by 648.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,574 shares of the technology company’s stock valued at $114,000 after buying an additional 2,230 shares during the period. Institutional investors own 87.87% of the company’s stock.
Several brokerages have issued reports on EPAY. BidaskClub upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. DA Davidson increased their price target on Bottomline Technologies to $42.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. ValuEngine upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Raymond James increased their price target on Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Barrington Research reiterated a “buy” rating and issued a $57.50 price target on shares of Bottomline Technologies in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $52.58.
Shares of EPAY stock traded up $0.82 during trading hours on Friday, reaching $47.76. The company had a trading volume of 181,400 shares, compared to its average volume of 274,558. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 49.24 and a beta of 1.00. Bottomline Technologies has a 12 month low of $37.04 and a 12 month high of $57.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.63 and a quick ratio of 1.70. The business has a fifty day simple moving average of $40.80 and a 200-day simple moving average of $42.83.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Friday, November 8th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $105.98 million. Bottomline Technologies had a return on equity of 5.75% and a net margin of 2.10%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities research analysts expect that Bottomline Technologies will post 0.69 earnings per share for the current year.
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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