Rothschild & Co. Asset Management US Inc. Sells 21,982 Shares of Bottomline Technologies (EPAY)

Rothschild & Co. Asset Management US Inc. trimmed its stake in Bottomline Technologies (NASDAQ:EPAY) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687,640 shares of the technology company’s stock after selling 21,982 shares during the period. Rothschild & Co. Asset Management US Inc. owned about 1.60% of Bottomline Technologies worth $49,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Bottomline Technologies during the 3rd quarter worth about $156,000. SG Americas Securities LLC grew its holdings in Bottomline Technologies by 44.4% during the 2nd quarter. SG Americas Securities LLC now owns 3,849 shares of the technology company’s stock worth $192,000 after acquiring an additional 1,183 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Bottomline Technologies during the 2nd quarter worth about $202,000. Raymond James & Associates acquired a new stake in Bottomline Technologies during the 2nd quarter worth about $204,000. Finally, WINTON GROUP Ltd acquired a new stake in Bottomline Technologies during the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

In related news, Director Joseph L. Mullen sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $64.50, for a total value of $322,500.00. Following the transaction, the director now owns 69,855 shares of the company’s stock, valued at approximately $4,505,647.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nigel K. Savory sold 6,360 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $65.06, for a total transaction of $413,781.60. Following the completion of the transaction, the insider now directly owns 141,801 shares in the company, valued at approximately $9,225,573.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,477 shares of company stock valued at $2,899,471. 2.40% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the company. Citigroup increased their price target on Bottomline Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Craig Hallum reiterated a “buy” rating and set a $63.00 price target on shares of Bottomline Technologies in a report on Friday, August 10th. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a research note on Friday, August 10th. Zacks Investment Research downgraded Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.25.

Shares of EPAY opened at $52.41 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $2.26 billion, a PE ratio of 68.96, a PEG ratio of 6.98 and a beta of 0.97. Bottomline Technologies has a one year low of $32.33 and a one year high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, November 8th. The technology company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $102.44 million during the quarter, compared to the consensus estimate of $99.90 million. Bottomline Technologies had a return on equity of 9.56% and a net margin of 3.43%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, sell-side analysts forecast that Bottomline Technologies will post 0.63 earnings per share for the current fiscal year.

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

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