Bottomline Technologies (NASDAQ:EPAY) announced its quarterly earnings data on Thursday. The technology company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33, Briefing.com reports. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The company had revenue of $102.44 million during the quarter, compared to the consensus estimate of $99.90 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year.
EPAY opened at $54.74 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 72.03, a price-to-earnings-growth ratio of 7.41 and a beta of 0.97. Bottomline Technologies has a 12-month low of $32.00 and a 12-month high of $74.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.
A number of equities research analysts have recently commented on EPAY shares. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Citigroup increased their price objective on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Craig Hallum reiterated a “buy” rating and set a $63.00 price objective on shares of Bottomline Technologies in a research report on Friday, August 10th. Needham & Company LLC increased their price objective on Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, BidaskClub downgraded Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Bottomline Technologies currently has an average rating of “Buy” and an average target price of $60.86.
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About Bottomline Technologies
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.
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