Bottomline Technologies, Inc. (EPAY) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,840 shares of the technology company’s stock after selling 12,177 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.61% of Bottomline Technologies worth $5,879,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EPAY. BlackRock Inc. increased its stake in shares of Bottomline Technologies by 9,565.3% in the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after acquiring an additional 5,357,259 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Bottomline Technologies in the 2nd quarter valued at $11,131,000. Prudential Financial Inc. increased its stake in shares of Bottomline Technologies by 109.2% in the 2nd quarter. Prudential Financial Inc. now owns 348,385 shares of the technology company’s stock valued at $8,950,000 after acquiring an additional 181,890 shares in the last quarter. Vista Equity Partners Management LLC increased its stake in shares of Bottomline Technologies by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 491,892 shares of the technology company’s stock valued at $11,633,000 after acquiring an additional 150,984 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management increased its stake in shares of Bottomline Technologies by 19.2% in the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 906,505 shares of the technology company’s stock valued at $23,287,000 after acquiring an additional 145,875 shares in the last quarter. Institutional investors own 89.69% of the company’s stock.

In other Bottomline Technologies news, insider John Francis Kelly sold 3,977 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total transaction of $117,480.58. Following the completion of the transaction, the insider now owns 40,175 shares of the company’s stock, valued at $1,186,769.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Norman J. Deluca sold 1,898 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were 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 of the company’s stock, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/15/bottomline-technologies-inc-epay-shares-sold-by-arrowstreet-capital-limited-partnership.html.

Shares of Bottomline Technologies, Inc. (EPAY) opened at 33.11 on Friday. The firm’s 50-day moving average is $31.54 and its 200-day moving average is $27.21. Bottomline Technologies, Inc. has a 52 week low of $21.52 and a 52 week high of $34.44. The company’s market cap is $1.24 billion.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.12). The firm had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. Equities research analysts predict that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current year.

Several analysts have recently weighed in on EPAY shares. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Bottomline Technologies in a research note on Friday, August 11th. Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price objective on shares of Bottomline Technologies in a research note on Wednesday, July 5th. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Bottomline Technologies currently has an average rating of “Buy” and an average price target of $32.00.

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.

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

What are top analysts saying about Bottomline Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bottomline Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit