Bottomline Technologies (NASDAQ:EPAY) Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Bottomline Technologies (NASDAQ:EPAY) from a buy rating to a hold rating in a research report released on Thursday morning, BidAskClub reports.

Several other equities analysts also recently commented on the stock. Raymond James upped their price objective on shares of Bottomline Technologies from $55.00 to $57.00 and gave the company an outperform rating in a report on Friday, August 9th. Barrington Research restated a buy rating and set a $57.50 target price on shares of Bottomline Technologies in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a buy rating and set a $55.00 target price on shares of Bottomline Technologies in a report on Friday, November 8th. Craig Hallum upgraded shares of Bottomline Technologies from a hold rating to a buy rating and set a $52.00 price target on the stock in a research note on Friday, August 9th. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a sell rating to a buy rating and set a $52.00 price target on the stock in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $52.58.

Shares of NASDAQ EPAY traded up $0.58 during midday trading on Thursday, hitting $47.52. 244,611 shares of the company’s stock were exchanged, compared to its average volume of 280,356. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.35. Bottomline Technologies has a 12 month low of $37.04 and a 12 month high of $52.04. The company’s 50 day moving average price is $44.67 and its 200 day moving average price is $43.03. The firm has a market capitalization of $2.18 billion, a PE ratio of 48.99 and a beta of 1.07.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Friday, November 8th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Bottomline Technologies had a return on equity of 5.75% and a net margin of 2.10%. The business had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $105.98 million. During the same quarter in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Bottomline Technologies will post 0.7 EPS for the current year.

In other news, Director Jeffrey C. Leathe sold 5,000 shares of Bottomline Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $40.75, for a total transaction of $203,750.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at $203,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nigel K. Savory sold 4,498 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $49.55, for a total transaction of $222,875.90. Following the completion of the sale, the director now directly owns 167,359 shares of the company’s stock, valued at approximately $8,292,638.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,405 shares of company stock worth $1,195,269. Insiders own 2.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EPAY. Private Capital Group LLC increased its holdings in shares of 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 purchasing an additional 237 shares during the period. Advisor Group Inc. grew its position in Bottomline Technologies by 17.4% during the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock worth $82,000 after buying an additional 271 shares in the last quarter. Texas Permanent School Fund grew its position in Bottomline Technologies by 1.2% during the third quarter. Texas Permanent School Fund now owns 25,988 shares of the technology company’s stock worth $1,023,000 after buying an additional 320 shares in the last quarter. Mason Street Advisors LLC increased its stake in Bottomline Technologies by 2.7% during the 3rd quarter. Mason Street Advisors LLC now owns 12,965 shares of the technology company’s stock worth $510,000 after acquiring an additional 340 shares during the period. Finally, BBVA USA Bancshares Inc. increased its stake in Bottomline Technologies by 2.8% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 15,842 shares of the technology company’s stock worth $624,000 after acquiring an additional 435 shares during the period. 87.97% of the stock is currently owned by institutional investors and hedge funds.

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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