Bottomline Technologies, Inc. (EPAY) Director Peter Gibson Purchases 4,000 Shares

Bottomline Technologies, Inc. (NASDAQ:EPAY) Director Peter Gibson acquired 4,000 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was acquired at an average cost of $46.66 per share, with a total value of $186,640.00. Following the purchase, the director now owns 21,000 shares of the company’s stock, valued at approximately $979,860. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NASDAQ EPAY opened at $47.51 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. Bottomline Technologies, Inc. has a one year low of $23.62 and a one year high of $49.31. The company has a market capitalization of $1.94 billion, a PE ratio of 84.84 and a beta of 0.99.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $101.14 million during the quarter, compared to analyst estimates of $96.99 million. Bottomline Technologies had a negative net margin of 2.05% and a positive return on equity of 7.86%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Bottomline Technologies, Inc. will post 0.58 earnings per share for the current year.



Several research analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of Bottomline Technologies in a research note on Tuesday, May 1st. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, May 10th. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 9th. Finally, ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Bottomline Technologies presently has a consensus rating of “Buy” and an average price target of $39.86.

Large investors have recently modified their holdings of the stock. Balter Liquid Alternatives LLC acquired a new stake in Bottomline Technologies in the fourth quarter valued at approximately $398,000. Hudson Bay Capital Management LP acquired a new stake in Bottomline Technologies in the fourth quarter valued at approximately $2,657,000. First Trust Advisors LP acquired a new stake in Bottomline Technologies in the fourth quarter valued at approximately $2,492,000. Renaissance Technologies LLC raised its holdings in Bottomline Technologies by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 758,542 shares of the technology company’s stock valued at $26,306,000 after acquiring an additional 183,700 shares in the last quarter. Finally, HBK Investments L P acquired a new stake in Bottomline Technologies in the fourth quarter valued at approximately $387,000. 93.20% of the stock is currently owned by hedge funds and other institutional investors.

About Bottomline Technologies

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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