Two Sigma Advisers LP Increases Holdings in Bottomline Technologies (EPAY)

Two Sigma Advisers LP lifted its holdings in Bottomline Technologies (NASDAQ:EPAY) by 117.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,324 shares of the technology company’s stock after purchasing an additional 72,100 shares during the quarter. Two Sigma Advisers LP owned 0.33% of Bottomline Technologies worth $4,624,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EPAY. Westfield Capital Management Co. LP bought a new stake in shares of Bottomline Technologies in the third quarter worth $20,396,000. JPMorgan Chase & Co. lifted its position in shares of Bottomline Technologies by 1,092.5% in the third quarter. JPMorgan Chase & Co. now owns 312,429 shares of the technology company’s stock worth $10,001,000 after purchasing an additional 286,229 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Bottomline Technologies by 14.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,937,549 shares of the technology company’s stock worth $67,194,000 after purchasing an additional 250,730 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Bottomline Technologies by 209.6% in the third quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock worth $10,488,000 after purchasing an additional 223,009 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bottomline Technologies by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 758,542 shares of the technology company’s stock worth $26,306,000 after purchasing an additional 183,700 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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NASDAQ EPAY opened at $38.75 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 1.71. Bottomline Technologies has a 1 year low of $21.52 and a 1 year high of $39.99. The firm has a market cap of $1,576.35, a price-to-earnings ratio of 75.98 and a beta of 1.03.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.51 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. equities research analysts anticipate that Bottomline Technologies will post 0.55 EPS for the current year.

In other Bottomline Technologies news, insider Robert A. Eberle sold 9,078 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.25, for a total transaction of $338,155.50. Following the sale, the insider now directly owns 347,341 shares of the company’s stock, valued at $12,938,452.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $37.13, for a total transaction of $74,260.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $185,650. The disclosure for this sale can be found here. Insiders have sold 27,863 shares of company stock worth $1,066,720 over the last ninety days. Insiders own 2.40% of the company’s stock.

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Bottomline Technologies to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Citigroup assumed coverage on shares of Bottomline Technologies in a research report on Wednesday. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.33.

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Bottomline Technologies Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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