Bottomline Technologies, Inc. (EPAY) Issues Q2 Earnings Guidance

Bottomline Technologies, Inc. (NASDAQ:EPAY) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $92.5 million, compared to the consensus revenue estimate of $92.56 million.Bottomline Technologies also updated its FY18 guidance to $1.06 EPS.

A number of brokerages recently issued reports on EPAY. Zacks Investment Research upgraded Bottomline Technologies from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. BidaskClub downgraded Bottomline Technologies from a buy rating to a hold rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a hold rating and set a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Craig Hallum upgraded Bottomline Technologies from a hold rating to a buy rating in a research report on Friday, August 11th. Finally, Raymond James Financial, Inc. upgraded Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $33.25.

Bottomline Technologies, Inc. (NASDAQ EPAY) traded up $2.09 on Friday, hitting $34.30. The stock had a trading volume of 701,619 shares, compared to its average volume of 413,461. The stock has a market cap of $1.30 billion, a PE ratio of 78.44, a P/E/G ratio of 5.64 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89.70 million. Bottomline Technologies had a positive return on equity of 5.85% and a negative net margin of 7.51%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. analysts expect that Bottomline Technologies, Inc. will post 0.48 EPS for the current year.

In other news, insider Norman J. Deluca sold 1,584 shares of Bottomline Technologies stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $33.06, for a total value of $52,367.04. Following the transaction, the insider now owns 99,633 shares in the company, valued at $3,293,866.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Francis Kelly sold 3,977 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the completion of the sale, the insider now directly owns 40,175 shares in the company, valued at $1,186,769.50. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

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About Bottomline Technologies

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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