Bottomline Technologies (NASDAQ:EPAY) Issues Quarterly Earnings Results

Bottomline Technologies (NASDAQ:EPAY) posted its earnings results on Thursday. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.19, Bloomberg Earnings reports. The firm had revenue of $108.24 million for the quarter, compared to analyst estimates of $106.17 million. Bottomline Technologies had a return on equity of 6.14% and a net margin of 2.24%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Bottomline Technologies updated its Q1 guidance to $0.25-0.29 EPS and its FY20 guidance to $1.35-1.42 EPS.

Shares of Bottomline Technologies stock traded down $0.20 during trading on Friday, reaching $42.82. The stock had a trading volume of 674,510 shares, compared to its average volume of 250,493. The company has a market cap of $1.87 billion, a P/E ratio of 44.14 and a beta of 0.96. The business’s fifty day simple moving average is $43.31. Bottomline Technologies has a 52 week low of $39.49 and a 52 week high of $74.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

In other news, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $44.97, for a total value of $89,940.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at $269,820. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 9,925 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.22, for a total value of $428,958.50. Following the completion of the sale, the insider now owns 57,638 shares in the company, valued at $2,491,114.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,314 shares of company stock worth $2,234,271. Corporate insiders own 2.40% of the company’s stock.



Institutional investors have recently modified their holdings of the company. Tortoise Index Solutions LLC bought a new stake in shares of Bottomline Technologies in the first quarter valued at about $31,000. Marshall Wace LLP acquired a new stake in shares of Bottomline Technologies in the first quarter valued at about $45,000. First Hawaiian Bank increased 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 acquiring an additional 247 shares during the last quarter. Advisor Group Inc. increased its position in shares of Bottomline Technologies by 17.4% in the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock valued at $82,000 after acquiring an additional 271 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Bottomline Technologies by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $196,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 91.46% of the company’s stock.

Several research analysts have weighed in on EPAY shares. BidaskClub upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday. TheStreet lowered Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. Raymond James lifted their target price on Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday. Finally, ValuEngine upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Bottomline Technologies currently has a consensus rating of “Buy” and a consensus price target of $62.56.

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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Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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