Bottomline Technologies, Inc. (NASDAQ:EPAY) released its quarterly earnings results on Thursday. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05, Bloomberg Earnings reports. Bottomline Technologies had a positive return on equity of 5.85% and a negative net margin of 7.51%. The business had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Bottomline Technologies updated its FY18 guidance to $1.06 EPS and its Q2 guidance to $0.26 EPS.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up $2.09 during trading hours on Friday, reaching $34.30. The company’s stock had a trading volume of 701,619 shares, compared to its average volume of 413,461. The stock has a market capitalization of $1,385.21, a P/E ratio of 83.66, a PEG ratio of 6.02 and a beta of 1.16.
A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a report on Friday. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price objective on shares of Bottomline Technologies in a report on Friday, August 11th. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, UBS Group AG (USA) raised Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bottomline Technologies has a consensus rating of “Buy” and an average target price of $33.25.
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In other news, insider John Francis Kelly sold 3,977 shares of the company’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 of the company’s stock, valued at approximately $1,186,769.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Norman J. Deluca sold 1,584 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the completion of the sale, the insider now directly owns 99,633 shares of the company’s stock, valued at $3,293,866.98. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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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