Bottomline Technologies (NASDAQ:EPAY) Director Sells $89,940.00 in Stock

Bottomline Technologies (NASDAQ:EPAY) Director Jennifer M. Gray sold 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $44.97, for a total transaction of $89,940.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $269,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:EPAY traded up $0.71 during midday trading on Wednesday, reaching $45.37. The company’s stock had a trading volume of 247,209 shares, compared to its average volume of 311,663. The firm has a market capitalization of $1.94 billion, a P/E ratio of 59.70 and a beta of 1.03. Bottomline Technologies has a twelve month low of $39.78 and a twelve month high of $74.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 1.57.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.21. The firm had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts anticipate that Bottomline Technologies will post 0.58 EPS for the current fiscal year.



A number of research firms have issued reports on EPAY. Barrington Research reaffirmed a “buy” rating and issued a $62.50 price target on shares of Bottomline Technologies in a report on Monday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $66.00) on shares of Bottomline Technologies in a report on Friday, May 3rd. Raymond James cut shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $65.00 to $55.00 in a report on Friday, May 3rd. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, BidaskClub cut shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $62.61.

Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Bottomline Technologies in the first quarter worth $45,000. Advisory Services Network LLC increased its stake in shares of Bottomline Technologies by 10.6% in the first quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock worth $230,000 after acquiring an additional 439 shares during the period. Nordea Investment Management AB increased its stake in shares of Bottomline Technologies by 3,277.2% in the first quarter. Nordea Investment Management AB now owns 97,940 shares of the technology company’s stock worth $4,904,000 after acquiring an additional 95,040 shares during the period. MIG Capital LLC increased its stake in shares of Bottomline Technologies by 7.2% in the first quarter. MIG Capital LLC now owns 725,331 shares of the technology company’s stock worth $36,332,000 after acquiring an additional 49,000 shares during the period. Finally, Bernzott Capital Advisors increased its stake in shares of Bottomline Technologies by 0.7% in the first quarter. Bernzott Capital Advisors now owns 404,530 shares of the technology company’s stock worth $20,263,000 after acquiring an additional 2,675 shares during the period. Hedge funds and other institutional investors own 90.10% of the company’s stock.

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Bottomline Technologies Company Profile

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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