Bottomline Technologies (NASDAQ:EPAY) Given Consensus Rating of “Buy” by Analysts

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.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Friday, November 8th. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Bottomline Technologies had a return on equity of 5.75% and a net margin of 2.10%. The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $105.98 million. During the same period in the previous year, the firm posted $0.33 EPS. Bottomline Technologies’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts expect that Bottomline Technologies will post 0.7 EPS for the current year.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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