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.
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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