New York State Common Retirement Fund Lowers Stock Holdings in Bottomline Technologies (de), Inc. (NASDAQ:EPAY)

New York State Common Retirement Fund decreased its position in shares of Bottomline Technologies (de), Inc. (NASDAQ:EPAY) by 16.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,973 shares of the technology company’s stock after selling 6,092 shares during the quarter. New York State Common Retirement Fund’s holdings in Bottomline Technologies (de) were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Bottomline Technologies (de) by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 281,691 shares of the technology company’s stock valued at $10,446,000 after buying an additional 4,557 shares in the last quarter. State Street Corp lifted its stake in shares of Bottomline Technologies (de) by 3.1% during the 2nd quarter. State Street Corp now owns 1,393,412 shares of the technology company’s stock valued at $51,668,000 after buying an additional 41,288 shares in the last quarter. Heritage Wealth Management LLC lifted its stake in shares of Bottomline Technologies (de) by 119.3% during the 2nd quarter. Heritage Wealth Management LLC now owns 2,219 shares of the technology company’s stock valued at $82,000 after buying an additional 1,207 shares in the last quarter. Truvestments Capital LLC lifted its stake in shares of Bottomline Technologies (de) by 28.2% during the 2nd quarter. Truvestments Capital LLC now owns 2,294 shares of the technology company’s stock valued at $85,000 after buying an additional 504 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Bottomline Technologies (de) by 54.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 263,268 shares of the technology company’s stock valued at $9,762,000 after buying an additional 93,137 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

Shares of NASDAQ EPAY opened at $56.36 on Friday. The firm’s 50-day moving average price is $50.80 and its 200-day moving average price is $44.04. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -112.72 and a beta of 1.41. Bottomline Technologies has a 12-month low of $36.05 and a 12-month high of $56.80.

Bottomline Technologies (de) (NASDAQ:EPAY) last announced its earnings results on Monday, November 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). The business had revenue of $123.61 million for the quarter, compared to analysts’ expectations of $121.96 million. Bottomline Technologies (de) had a negative net margin of 4.47% and a positive return on equity of 0.81%. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities analysts predict that Bottomline Technologies will post 0.07 EPS for the current fiscal year.

Several analysts have commented on EPAY shares. Zacks Investment Research upgraded shares of Bottomline Technologies (de) from a “strong sell” rating to a “hold” rating in a research note on Wednesday. William Blair reiterated a “market perform” rating on shares of Bottomline Technologies (de) in a research note on Wednesday, November 10th. Raymond James cut shares of Bottomline Technologies (de) from an “outperform” rating to a “market perform” rating in a research note on Monday, December 20th. Citigroup cut shares of Bottomline Technologies (de) from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $55.00 to $57.00 in a research note on Monday, December 20th. Finally, DA Davidson boosted their price target on shares of Bottomline Technologies (de) from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.17.

In related news, CEO Robert A. Eberle sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 21st. The shares were sold at an average price of $56.22, for a total transaction of $224,880.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Norman J. Deluca sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Bottomline Technologies (de) Profile

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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Institutional Ownership by Quarter for Bottomline Technologies (de) (NASDAQ:EPAY)

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