Bottomline Technologies (NASDAQ:EPAY) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Bottomline Technologies (NASDAQ:EPAY) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, BidAskClub reports.

Other research analysts have also recently issued reports about the stock. DA Davidson set a $39.00 price target on shares of Bottomline Technologies and gave the stock a hold rating in a report on Friday, August 9th. Barrington Research reissued a buy rating and set a $57.50 price target on shares of Bottomline Technologies in a report on Friday, August 9th. Craig Hallum raised shares of Bottomline Technologies from a hold rating to a buy rating and set a $52.00 price target for the company in a report on Friday, August 9th. ValuEngine raised shares of Bottomline Technologies from a buy rating to a strong-buy rating in a report on Tuesday, August 6th. Finally, Raymond James increased their price target on shares of Bottomline Technologies from $55.00 to $57.00 and gave the stock an outperform rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Bottomline Technologies presently has a consensus rating of Buy and an average price target of $60.79.

Shares of EPAY traded down $0.91 during mid-day trading on Thursday, hitting $41.34. 168,721 shares of the company’s stock were exchanged, compared to its average volume of 289,700. The firm has a market capitalization of $1.85 billion, a P/E ratio of 42.62 and a beta of 0.98. Bottomline Technologies has a fifty-two week low of $39.49 and a fifty-two week high of $74.05. The business’s 50 day moving average is $42.17 and its two-hundred day moving average is $45.41. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.29.



Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.07%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts forecast that Bottomline Technologies will post 0.66 earnings per share for the current year.

In related news, CEO Robert A. Eberle sold 13,945 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $40.99, for a total transaction of $571,605.55. Following the sale, the chief executive officer now owns 497,681 shares in the company, valued at $20,399,944.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nigel K. Savory sold 12,252 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $43.13, for a total transaction of $528,428.76. Following the sale, 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. Over the last three months, insiders have sold 44,132 shares of company stock valued at $1,855,852. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Bottomline Technologies by 2.8% during the second quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock worth $263,918,000 after acquiring an additional 162,367 shares during the last quarter. Royal Bank of Canada boosted its position in Bottomline Technologies by 1.5% during the second quarter. Royal Bank of Canada now owns 385,194 shares of the technology company’s stock worth $17,041,000 after acquiring an additional 5,742 shares during the last quarter. Private Capital Group LLC boosted its position in Bottomline Technologies by 42.8% during the second quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock worth $39,000 after acquiring an additional 237 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Bottomline Technologies during the second quarter worth approximately $16,045,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Bottomline Technologies by 8.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 22,604 shares of the technology company’s stock worth $1,000,000 after acquiring an additional 1,810 shares during the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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