Bottomline Technologies (NASDAQ:EPAY) Director Sells $250,500.00 in Stock

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Bottomline Technologies (NASDAQ:EPAY) Director Ken D’amato sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $50.10, for a total value of $250,500.00. Following the sale, the director now directly owns 15,000 shares in the company, valued at $751,500. The transaction was disclosed in a filing with the SEC, which is available at this link.

NASDAQ:EPAY opened at $47.48 on Wednesday. The firm has a market capitalization of $2.18 billion, a PE ratio of 48.95 and a beta of 1.07. The stock has a 50 day moving average of $44.26 and a 200-day moving average of $42.99. Bottomline Technologies has a 52 week low of $37.04 and a 52 week high of $54.17. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.35.

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

A number of equities analysts have commented on EPAY shares. William Blair downgraded shares of Bottomline Technologies from a “market perform” rating to an “underperform” rating in a report on Friday, November 8th. DA Davidson boosted their target price on shares of Bottomline Technologies to $42.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, November 14th. Barrington Research restated a “buy” rating and issued a $57.50 price target on shares of Bottomline Technologies in a research report on Friday, August 9th. Finally, ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $52.58.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Group LLC increased its position in Bottomline Technologies by 42.8% in the second quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock worth $39,000 after buying an additional 237 shares during the period. Marshall Wace LLP bought a new stake in Bottomline Technologies in the first quarter valued at $45,000. AdvisorNet Financial Inc lifted its stake in Bottomline Technologies by 65.0% in the third quarter. AdvisorNet Financial Inc now owns 1,650 shares of the technology company’s stock valued at $65,000 after buying an additional 650 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Bottomline Technologies by 17.4% during 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 period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Bottomline Technologies by 648.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,574 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,230 shares during the period. Hedge funds and other institutional investors own 87.97% 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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