Bottomline Technologies, Inc. (EPAY) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 21.3% during the second quarter, Holdings Channel reports. The firm owned 66,937 shares of the technology company’s stock after selling 18,161 shares during the period. Bank of Montreal Can’s holdings in Bottomline Technologies were worth $1,719,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Bottomline Technologies by 9,565.3% in the first quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after buying an additional 5,357,259 shares during the period. Norges Bank acquired a new stake in Bottomline Technologies during the fourth quarter valued at $4,761,000. Vista Equity Partners Management LLC increased its stake in Bottomline Technologies by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 491,892 shares of the technology company’s stock valued at $11,633,000 after buying an additional 150,984 shares during the period. Vanguard Group Inc. increased its stake in Bottomline Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,422,062 shares of the technology company’s stock valued at $80,932,000 after buying an additional 144,936 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Bottomline Technologies by 27.5% in the first quarter. Fisher Asset Management LLC now owns 497,455 shares of the technology company’s stock valued at $11,765,000 after buying an additional 107,384 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

Bottomline Technologies, Inc. (NASDAQ:EPAY) traded down 2.788% during mid-day trading on Tuesday, hitting $29.494. The company had a trading volume of 194,313 shares. The company has a 50-day moving average price of $27.46 and a 200 day moving average price of $25.41. The company’s market capitalization is $1.11 billion. Bottomline Technologies, Inc. has a 52-week low of $18.48 and a 52-week high of $31.10.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.12. Bottomline Technologies had a positive return on equity of 4.30% and a negative net margin of 9.48%. The firm had revenue of $93.50 million for the quarter, compared to analyst estimates of $90.95 million. During the same period in the previous year, the company posted $0.37 EPS. Bottomline Technologies’s revenue was up 6.1% on a year-over-year basis. On average, analysts forecast that Bottomline Technologies, Inc. will post $1.06 EPS for the current fiscal year.

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EPAY has been the subject of several research analyst reports. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 target price on shares of Bottomline Technologies in a research report on Wednesday, July 5th. Raymond James Financial, Inc. upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Finally, UBS AG upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.50.

In related news, insider Norman J. Deluca sold 2,750 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $25.33, for a total transaction of $69,657.50. Following the transaction, the insider now owns 83,554 shares of the company’s stock, valued at approximately $2,116,422.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Norman J. Deluca sold 1,898 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $28.99, for a total value of $55,023.02. Following the transaction, the insider now directly owns 77,192 shares in the company, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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