Norman J. Deluca Sells 3,859 Shares of Bottomline Technologies (NASDAQ:EPAY) Stock

Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 3,859 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $40.71, for a total transaction of $157,099.89. Following the completion of the sale, the insider now directly owns 80,638 shares of the company’s stock, valued at approximately $3,282,772.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ EPAY opened at $38.58 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.72 billion, a PE ratio of 39.77 and a beta of 0.97. The company has a 50 day moving average price of $40.01 and a 200 day moving average price of $43.52. Bottomline Technologies has a 52 week low of $37.04 and a 52 week high of $67.96.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $108.24 million during the quarter, compared to analyst estimates of $106.17 million. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.07%. Bottomline Technologies’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. On average, equities research analysts anticipate that Bottomline Technologies will post 0.65 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Bottomline Technologies to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Raymond James upped their price target on shares of Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $58.92.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Bottomline Technologies by 2.8% during the 2nd quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock valued at $263,918,000 after purchasing an additional 162,367 shares in the last quarter. Vanguard Group Inc. increased its stake in Bottomline Technologies by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,472,413 shares of the technology company’s stock valued at $197,860,000 after purchasing an additional 35,714 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Bottomline Technologies by 3.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,975,952 shares of the technology company’s stock valued at $87,416,000 after purchasing an additional 62,516 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its stake in Bottomline Technologies by 6.4% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 732,407 shares of the technology company’s stock valued at $32,402,000 after purchasing an additional 44,084 shares in the last quarter. Finally, KAMES CAPITAL plc increased its stake in Bottomline Technologies by 8.1% during the 3rd quarter. KAMES CAPITAL plc now owns 616,548 shares of the technology company’s stock valued at $24,261,000 after purchasing an additional 46,150 shares in the last quarter. Hedge funds and other institutional investors own 88.89% 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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Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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