Bottomline Technologies, Inc. (EPAY) Position Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 24.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,800 shares of the technology company’s stock after selling 3,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Bottomline Technologies were worth $312,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Global X Management Co. LLC grew its stake in shares of Bottomline Technologies by 399.3% during the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after buying an additional 4,600 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Bottomline Technologies during the third quarter worth $204,000. Crossmark Global Holdings Inc. bought a new stake in shares of Bottomline Technologies during the third quarter worth $217,000. State of Alaska Department of Revenue grew its stake in shares of Bottomline Technologies by 71.1% during the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock worth $183,000 after buying an additional 2,963 shares during the last quarter. Finally, FDx Advisors Inc. bought a new stake in shares of Bottomline Technologies during the third quarter worth $227,000. 98.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bottomline Technologies, Inc. (NASDAQ EPAY) opened at $33.54 on Monday. Bottomline Technologies, Inc. has a one year low of $21.52 and a one year high of $34.89. The firm has a market cap of $1,357.82, a price-to-earnings ratio of 81.81, a price-to-earnings-growth ratio of 5.82 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The company had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Bottomline Technologies’s revenue for the quarter was up 9.9% on a year-over-year basis. equities analysts predict that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.

In related news, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $33.05, for a total value of $66,100.00. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at $132,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 1,584 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.06, for a total transaction of $52,367.04. Following the completion of the sale, the insider now directly owns 99,633 shares in the company, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. In the last three months, insiders sold 63,718 shares of company stock worth $2,136,905. 2.40% of the stock is currently owned by insiders.

EPAY has been the topic of a number of research reports. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, November 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 target price on shares of Bottomline Technologies in a research note on Monday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Bottomline Technologies in a research note on Friday, November 3rd. Finally, Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.00.

ILLEGAL ACTIVITY WARNING: “Bottomline Technologies, Inc. (EPAY) Position Cut by Teachers Retirement System of The State of Kentucky” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/04/bottomline-technologies-inc-epay-position-cut-by-teachers-retirement-system-of-the-state-of-kentucky.html.

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.

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