Bottomline Technologies (de) (NASDAQ:EPAY) Releases Q2 2022 Earnings Guidance

Bottomline Technologies (de) (NASDAQ:EPAY) issued an update on its second quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.240-$0.260 for the period, compared to the Thomson Reuters consensus estimate of $0.290. The company issued revenue guidance of $125 million-$127 million, compared to the consensus revenue estimate of $127.65 million.Bottomline Technologies (de) also updated its FY 2022 guidance to $1.110-$1.150 EPS.

EPAY stock traded up $0.18 during trading on Thursday, reaching $46.24. The stock had a trading volume of 172,201 shares, compared to its average volume of 340,807. Bottomline Technologies has a 1-year low of $36.05 and a 1-year high of $55.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $2.09 billion, a P/E ratio of -92.48 and a beta of 1.37. The company has a fifty day moving average of $42.86.

Bottomline Technologies (de) (NASDAQ:EPAY) last issued its quarterly earnings data on Monday, November 8th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). Bottomline Technologies (de) had a positive return on equity of 0.81% and a negative net margin of 4.47%. During the same quarter last year, the business posted $0.12 earnings per share. On average, research analysts expect that Bottomline Technologies will post 0.07 EPS for the current fiscal year.

Several research firms recently weighed in on EPAY. Zacks Investment Research lowered shares of Bottomline Technologies (de) from a hold rating to a strong sell rating in a research note on Thursday, November 18th. Needham & Company LLC upped their target price on shares of Bottomline Technologies (de) from $46.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, November 10th. DA Davidson upped their target price on shares of Bottomline Technologies (de) from $44.00 to $50.00 and gave the stock a neutral rating in a research report on Tuesday, November 16th. They noted that the move was a valuation call. William Blair restated a market perform rating on shares of Bottomline Technologies (de) in a research report on Wednesday, November 10th. Finally, Royal Bank of Canada upped their target price on shares of Bottomline Technologies (de) from $45.00 to $52.00 and gave the stock a sector perform rating in a research report on Wednesday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $52.33.

In other news, CEO Robert A. Eberle sold 2,608 shares of Bottomline Technologies (de) stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $38.52, for a total transaction of $100,460.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Norman J. Deluca sold 5,000 shares of Bottomline Technologies (de) stock in a transaction that occurred on Wednesday, October 20th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. Insiders sold a total of 14,001 shares of company stock worth $599,702 over the last quarter. 2.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its position in Bottomline Technologies (de) by 138.2% during the 2nd quarter. Morgan Stanley now owns 718,992 shares of the technology company’s stock valued at $26,661,000 after purchasing an additional 417,173 shares during the period. LPL Financial LLC lifted its stake in Bottomline Technologies (de) by 36.1% during the 3rd quarter. LPL Financial LLC now owns 9,219 shares of the technology company’s stock valued at $359,000 after acquiring an additional 2,444 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Bottomline Technologies (de) by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 424,058 shares of the technology company’s stock worth $16,658,000 after purchasing an additional 10,324 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

About Bottomline Technologies (de)

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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Earnings History and Estimates for Bottomline Technologies (de) (NASDAQ:EPAY)

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