Insider Selling: Bottomline Technologies (EPAY) Insider Sells 5,895 Shares of Stock

Bottomline Technologies (NASDAQ:EPAY) insider Nigel K. Savory sold 5,895 shares of Bottomline Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $49.25, for a total value of $290,328.75. Following the sale, the insider now directly owns 162,062 shares of the company’s stock, valued at $7,981,553.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ EPAY traded up $0.53 during trading on Monday, reaching $49.59. 152,356 shares of the company’s stock were exchanged, compared to its average volume of 389,648. Bottomline Technologies has a 1 year low of $36.79 and a 1 year high of $74.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 65.25, a price-to-earnings-growth ratio of 7.11 and a beta of 0.94.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Bottomline Technologies had a return on equity of 9.25% and a net margin of 4.05%. The business had revenue of $104.85 million during the quarter, compared to the consensus estimate of $103.73 million. As a group, equities research analysts expect that Bottomline Technologies will post 0.57 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of EPAY. First Quadrant L P CA purchased a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $69,000. Quantamental Technologies LLC purchased a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bottomline Technologies by 17.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock valued at $130,000 after purchasing an additional 406 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Bottomline Technologies in the 4th quarter valued at about $131,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Bottomline Technologies in the 3rd quarter valued at about $145,000. 87.63% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on EPAY shares. Raymond James decreased their price target on Bottomline Technologies from $77.00 to $65.00 in a report on Monday, February 4th. Needham & Company LLC decreased their price target on Bottomline Technologies to $62.00 and set a “buy” rating for the company in a report on Friday, February 1st. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a report on Tuesday, January 29th. ValuEngine downgraded Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Craig Hallum decreased their price target on Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating for the company in a report on Monday, February 4th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.78.

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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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