Bottomline Technologies (EPAY) Receives $64.14 Consensus PT from Brokerages

Bottomline Technologies (NASDAQ:EPAY) has received an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $64.14.

EPAY has been the topic of several analyst reports. Raymond James decreased their target price on shares of Bottomline Technologies from $77.00 to $65.00 in a research note on Monday, February 4th. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. DA Davidson lifted their price target on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a report on Friday, February 1st. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a report on Monday, February 4th. Finally, ValuEngine cut shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd.

In other news, CFO Richard Douglas Booth sold 6,014 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $48.34, for a total transaction of $290,716.76. Following the sale, the chief financial officer now owns 99,324 shares in the company, valued at approximately $4,801,322.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nigel K. Savory sold 5,895 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $49.25, for a total transaction of $290,328.75. Following the sale, the insider now owns 162,062 shares in the company, valued at approximately $7,981,553.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,203 shares of company stock worth $880,167. 2.40% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of Bottomline Technologies by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 12,227 shares of the technology company’s stock valued at $586,000 after buying an additional 245 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Bottomline Technologies by 31.0% during the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after buying an additional 247 shares in the last quarter. Nicolet Bankshares Inc. boosted its holdings in shares of Bottomline Technologies by 1.6% during the 4th quarter. Nicolet Bankshares Inc. now owns 16,125 shares of the technology company’s stock valued at $774,000 after buying an additional 250 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Bottomline Technologies by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the technology company’s stock valued at $701,000 after buying an additional 278 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its holdings in shares of Bottomline Technologies by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,809 shares of the technology company’s stock valued at $423,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Shares of NASDAQ EPAY traded up $1.34 during mid-day trading on Thursday, hitting $49.66. The stock had a trading volume of 8,252 shares, compared to its average volume of 336,231. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.30. Bottomline Technologies has a 1 year low of $38.49 and a 1 year high of $74.05. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 65.13, a PEG ratio of 6.87 and a beta of 0.94.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, January 31st. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. The company had revenue of $104.85 million for the quarter, compared to the consensus estimate of $103.73 million. Equities research analysts anticipate that Bottomline Technologies will post 0.57 earnings per share for the current year.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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