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.
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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