Bottomline Technologies (NASDAQ:EPAY) has received an average rating of “Buy” from the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.58.
EPAY has been the subject of several recent research reports. Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Bottomline Technologies in a report on Friday, November 8th. Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, August 9th. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.
Shares of NASDAQ EPAY traded down $0.05 during mid-day trading on Friday, hitting $47.43. The company had a trading volume of 17,871 shares, compared to its average volume of 251,072. The company has a market capitalization of $2.18 billion, a PE ratio of 48.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.63 and a quick ratio of 1.63. Bottomline Technologies has a 1-year low of $37.04 and a 1-year high of $54.17. The business’s 50-day simple moving average is $44.26 and its 200 day simple moving average is $42.99.
In related news, insider Norman J. Deluca sold 3,859 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $40.71, for a total value of $157,099.89. Following the completion of the sale, the insider now owns 80,638 shares in the company, valued at approximately $3,282,772.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nigel K. Savory sold 4,498 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $49.55, for a total transaction of $222,875.90. Following the sale, the director now owns 167,359 shares of the company’s stock, valued at approximately $8,292,638.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,367 shares of company stock worth $957,335. Insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Bottomline Technologies by 2.8% in the 2nd quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock worth $263,918,000 after acquiring an additional 162,367 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $197,860,000 after purchasing an additional 35,714 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Bottomline Technologies by 3.3% in 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. North Star Asset Management Inc. raised its position in shares of Bottomline Technologies by 0.9% in the 3rd quarter. North Star Asset Management Inc. now owns 759,087 shares of the technology company’s stock valued at $29,870,000 after purchasing an additional 6,716 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its position in shares of Bottomline Technologies by 6.4% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 732,407 shares of the technology company’s stock worth $32,402,000 after buying an additional 44,084 shares in the last quarter. Institutional investors and hedge funds 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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