FDx Advisors Inc. Cuts Holdings in Bottomline Technologies (EPAY)

FDx Advisors Inc. reduced its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,893 shares of the technology company’s stock after selling 1,356 shares during the period. FDx Advisors Inc.’s holdings in Bottomline Technologies were worth $647,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EPAY. BlackRock Inc. boosted its holdings in shares of Bottomline Technologies by 6.4% during the 3rd quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock worth $402,006,000 after purchasing an additional 331,293 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Bottomline Technologies by 403.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 409,424 shares of the technology company’s stock worth $27,909,000 after purchasing an additional 328,112 shares during the last quarter. Waddell & Reed Financial Inc. acquired a new position in shares of Bottomline Technologies during the 2nd quarter worth approximately $11,290,000. Wells Fargo & Company MN boosted its holdings in shares of Bottomline Technologies by 64.0% during the 2nd quarter. Wells Fargo & Company MN now owns 455,774 shares of the technology company’s stock worth $22,713,000 after purchasing an additional 177,879 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its holdings in shares of Bottomline Technologies by 1,287.9% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 113,309 shares of the technology company’s stock worth $5,646,000 after purchasing an additional 105,145 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.

In related news, Director Benjamin E. Robinson III sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $65.74, for a total value of $164,350.00. Following the transaction, the director now directly owns 10,500 shares in the company, valued at $690,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel K. Savory sold 5,926 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $67.14, for a total value of $397,871.64. Following the completion of the transaction, the insider now owns 135,140 shares in the company, valued at $9,073,299.60. The disclosure for this sale can be found here. Insiders sold 21,617 shares of company stock worth $1,420,795 over the last quarter. 2.40% of the stock is currently owned by insiders.

EPAY has been the topic of several recent research reports. Needham & Company LLC boosted their target price on Bottomline Technologies from $48.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Craig Hallum cut Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Citigroup set a $75.00 target price on Bottomline Technologies and gave the stock a “buy” rating in a report on Wednesday, October 17th. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a report on Friday, August 10th. Finally, First Analysis upgraded Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $64.25.

EPAY opened at $54.00 on Tuesday. Bottomline Technologies has a one year low of $32.85 and a one year high of $74.05. The company has a market capitalization of $2.37 billion, a P/E ratio of 74.42, a price-to-earnings-growth ratio of 7.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.74.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Bottomline Technologies had a return on equity of 9.56% and a net margin of 3.43%. The firm had revenue of $102.44 million for the quarter, compared to analysts’ expectations of $99.90 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that Bottomline Technologies will post 0.63 EPS for the current year.

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

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