Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.76 and last traded at $29.76, with a volume of 585,328 shares trading hands. The stock had previously closed at $27.92.
Several research firms have issued reports on EPAY. BidaskClub lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research note on Friday. Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James Financial, Inc. upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Monday, July 17th. Finally, FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.50.
The company’s 50-day moving average is $27.35 and its 200-day moving average is $25.38. The stock’s market cap is $1.13 billion.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $93.50 million during the quarter, compared to the consensus estimate of $90.95 million. Bottomline Technologies had a positive return on equity of 4.30% and a negative net margin of 9.48%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. On average, analysts expect that Bottomline Technologies, Inc. will post $1.06 EPS for the current fiscal year.
In related news, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $28.99, for a total value of $55,023.02. Following the sale, the insider now owns 77,192 shares of the company’s stock, valued at approximately $2,237,796.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 2,750 shares of Bottomline Technologies stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.33, for a total transaction of $69,657.50. Following the completion of the sale, the insider now directly owns 83,554 shares in the company, valued at approximately $2,116,422.82. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Bottomline Technologies by 9,565.3% in the first quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock worth $128,023,000 after buying an additional 5,357,259 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Bottomline Technologies during the second quarter worth about $11,131,000. Norges Bank acquired a new stake in shares of Bottomline Technologies during the fourth quarter worth about $4,761,000. Prudential Financial Inc. boosted its stake in shares of Bottomline Technologies by 109.2% in the second quarter. Prudential Financial Inc. now owns 348,385 shares of the technology company’s stock worth $8,950,000 after buying an additional 181,890 shares during the last quarter. Finally, Vista Equity Partners Management LLC boosted its stake in shares of Bottomline Technologies by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 491,892 shares of the technology company’s stock worth $11,633,000 after buying an additional 150,984 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.
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Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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