Bottomline Technologies (NASDAQ:EPAY) Upgraded at ValuEngine

ValuEngine upgraded shares of Bottomline Technologies (NASDAQ:EPAY) from a buy rating to a strong-buy rating in a report released on Tuesday morning, ValuEngine reports.

A number of other brokerages have also recently weighed in on EPAY. Needham & Company LLC restated a buy rating and set a $57.00 target price (down from $66.00) on shares of Bottomline Technologies in a report on Friday, May 3rd. TheStreet cut shares of Bottomline Technologies from a b- rating to a c+ rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Bottomline Technologies from a sell rating to a hold rating in a report on Monday, August 5th. Raymond James cut shares of Bottomline Technologies from a strong-buy rating to an outperform rating and reduced their target price for the stock from $65.00 to $55.00 in a report on Friday, May 3rd. Finally, Barrington Research restated a buy rating on shares of Bottomline Technologies in a report on Thursday, July 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $61.94.

Shares of NASDAQ:EPAY opened at $42.82 on Tuesday. The company has a market capitalization of $1.79 billion, a PE ratio of 56.34 and a beta of 0.96. Bottomline Technologies has a 1-year low of $39.49 and a 1-year high of $74.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $43.31.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.19. The firm had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, research analysts predict that Bottomline Technologies will post 0.58 earnings per share for the current fiscal year.

In related news, Director Jennifer M. Gray sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $44.97, for a total value of $89,940.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at approximately $269,820. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert A. Eberle sold 21,824 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total transaction of $985,790.08. Following the completion of the sale, the insider now owns 375,202 shares of the company’s stock, valued at approximately $16,947,874.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,314 shares of company stock valued at $2,234,271. 2.40% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Tortoise Index Solutions LLC purchased a new stake in shares of Bottomline Technologies in the 1st quarter valued at approximately $31,000. Marshall Wace LLP purchased a new stake in Bottomline Technologies in the 1st quarter worth approximately $45,000. First Hawaiian Bank lifted its position in Bottomline Technologies by 31.0% in the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after buying an additional 247 shares in the last quarter. Advisor Group Inc. lifted its position in Bottomline Technologies by 17.4% in the 2nd quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock worth $82,000 after buying an additional 271 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in Bottomline Technologies by 5.5% in the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 91.46% 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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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