Bottomline Technologies (NASDAQ:EPAY) Given a $39.00 Price Target at DA Davidson

DA Davidson set a $39.00 target price on Bottomline Technologies (NASDAQ:EPAY) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the technology company’s stock.

EPAY has been the subject of several other reports. Needham & Company LLC reiterated a buy rating and set a $57.00 price objective (down from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. Barrington Research reiterated a buy rating and set a $57.50 price objective on shares of Bottomline Technologies in a research report on Friday. BidaskClub upgraded shares of Bottomline Technologies from a sell rating to a hold rating in a research report on Friday, July 26th. Raymond James increased their price objective on shares of Bottomline Technologies from $55.00 to $57.00 and gave the stock an outperform rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a sell rating to a hold rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $61.56.

Shares of EPAY traded down $1.21 during trading hours on Friday, hitting $41.61. 186,691 shares of the stock were exchanged, compared to its average volume of 299,043. Bottomline Technologies has a fifty-two week low of $39.49 and a fifty-two week high of $74.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $43.31. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 42.90 and a beta of 0.96.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.19. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.14%. The company had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. During the same period in the prior year, the company posted $0.35 earnings per share. Bottomline Technologies’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Bottomline Technologies will post 0.71 earnings per share for the current year.

In other Bottomline Technologies news, insider Robert A. Eberle sold 21,824 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $985,790.08. Following the completion of the sale, the insider now directly owns 375,202 shares in the company, valued at $16,947,874.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Francis Kelly sold 5,893 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $45.10, for a total transaction of $265,774.30. Following the completion of the sale, the insider now owns 54,814 shares of the company’s stock, valued at $2,472,111.40. The disclosure for this sale can be found here. Insiders sold 50,314 shares of company stock valued at $2,234,271 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. LS Investment Advisors LLC grew its holdings in Bottomline Technologies by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after purchasing an additional 205 shares during the period. First Hawaiian Bank grew its holdings in shares of Bottomline Technologies by 31.0% during the first 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 during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Bottomline Technologies by 2.0% during the second quarter. State of Alaska Department of Revenue now owns 12,874 shares of the technology company’s stock valued at $569,000 after buying an additional 247 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Bottomline Technologies by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,176 shares of the technology company’s stock valued at $710,000 after buying an additional 256 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Bottomline Technologies by 17.4% during the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock valued at $82,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.

Bottomline Technologies Company Profile

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.

Further Reading: Market Capitalization – What it Means for Investors

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