Nigel K. Savory Sells 14,116 Shares of Bottomline Technologies (NASDAQ:EPAY) Stock

Bottomline Technologies (NASDAQ:EPAY) Director Nigel K. Savory sold 14,116 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $50.06, for a total transaction of $706,646.96. Following the completion of the transaction, the director now owns 136,798 shares in the company, valued at $6,848,107.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of EPAY traded down $1.01 on Friday, reaching $48.25. 60,781 shares of the company’s stock were exchanged, compared to its average volume of 374,495. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.22 billion, a P/E ratio of -820.86 and a beta of 1.23. The business has a 50 day moving average price of $39.41 and a two-hundred day moving average price of $45.48. Bottomline Technologies has a 12 month low of $27.82 and a 12 month high of $57.22.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The business had revenue of $111.70 million for the quarter, compared to the consensus estimate of $113.06 million. Bottomline Technologies had a positive return on equity of 4.17% and a negative net margin of 0.61%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Equities research analysts predict that Bottomline Technologies will post 0.5 EPS for the current year.

EPAY has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 29th. DA Davidson downgraded shares of Bottomline Technologies from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, May 4th. Zacks Investment Research downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Barrington Research reaffirmed a “buy” rating and issued a $57.50 target price on shares of Bottomline Technologies in a research note on Monday, May 4th. Finally, TheStreet downgraded shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.21.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in shares of Bottomline Technologies by 500.0% during the fourth quarter. Advisors Asset Management Inc. now owns 486 shares of the technology company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Bottomline Technologies by 382.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 545 shares of the technology company’s stock worth $29,000 after buying an additional 432 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Bottomline Technologies during the first quarter worth approximately $35,000. Cognios Capital LLC bought a new stake in shares of Bottomline Technologies during the first quarter worth approximately $45,000. Finally, Marshall Wace LLP bought a new stake in shares of Bottomline Technologies during the first quarter worth approximately $45,000. 90.97% of the stock is owned by institutional investors and hedge funds.

Bottomline Technologies Company Profile

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.

Read More: Google Finance Portfolio Workaround

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.