Bottomline Technologies (EPAY) Releases Quarterly Earnings Results, Meets Expectations

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Bottomline Technologies (NASDAQ:EPAY) posted its earnings results on Thursday. The technology company reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33, Briefing.com reports. The firm had revenue of $102.44 million for the quarter, compared to the consensus estimate of $99.90 million. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.30%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share.

Bottomline Technologies stock opened at $54.74 on Friday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 72.03, a price-to-earnings-growth ratio of 7.41 and a beta of 0.97. Bottomline Technologies has a one year low of $32.00 and a one year high of $74.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.85 and a current ratio of 1.85.

Several research firms have commented on EPAY. Zacks Investment Research downgraded shares of Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 9th. DA Davidson began coverage on shares of Bottomline Technologies in a research report on Tuesday, September 11th. They set a “neutral” rating and a $58.00 target price on the stock. Citigroup set a $75.00 target price on shares of Bottomline Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Monday, November 5th. Finally, Craig Hallum downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.86.

In other news, Director Jeffrey C. Leathe sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $63.25, for a total value of $316,250.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $316,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin E. Robinson III sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $65.74, for a total value of $164,350.00. Following the completion of the sale, the director now directly owns 10,500 shares in the company, valued at $690,270. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,578 shares of company stock worth $5,222,230. 2.40% of the stock is currently owned by company insiders.

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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.

Further Reading: Bond

Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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