Bottomline Technologies (NASDAQ:EPAY) has been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.80.
Several research firms recently commented on EPAY. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. TheStreet lowered shares of Bottomline Technologies from a “b” rating to a “c” rating in a research note on Friday, November 9th. DA Davidson began coverage on shares of Bottomline Technologies in a research note on Tuesday, September 11th. They set a “neutral” rating and a $58.00 price objective for the company. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, August 15th. Finally, Citigroup boosted their price objective on shares of Bottomline Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 10th.
Shares of NASDAQ EPAY traded up $2.14 during trading hours on Monday, hitting $54.55. 422,700 shares of the stock were exchanged, compared to its average volume of 390,893. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.26 billion, a PE ratio of 71.78, a price-to-earnings-growth ratio of 6.96 and a beta of 0.97. Bottomline Technologies has a 12 month low of $32.33 and a 12 month high of $74.05.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $102.44 million during the quarter, compared to analyst estimates of $99.90 million. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. Bottomline Technologies’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities research analysts anticipate that Bottomline Technologies will post 0.63 earnings per share for the current fiscal year.
In other Bottomline Technologies news, CEO Robert A. Eberle sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $64.44, for a total transaction of $644,400.00. Following the sale, the chief executive officer now owns 427,017 shares of the company’s stock, valued at approximately $27,516,975.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Norman J. Deluca sold 7,491 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $64.66, for a total transaction of $484,368.06. Following the sale, the insider now directly owns 86,050 shares in the company, valued at approximately $5,563,993. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,477 shares of company stock worth $2,576,971. 2.40% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in Bottomline Technologies during the 3rd quarter worth approximately $145,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Bottomline Technologies in the 3rd quarter valued at $156,000. SG Americas Securities LLC boosted its holdings in shares of Bottomline Technologies by 44.4% in the 2nd quarter. SG Americas Securities LLC now owns 3,849 shares of the technology company’s stock valued at $192,000 after acquiring an additional 1,183 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Bottomline Technologies in the 2nd quarter valued at $202,000. Finally, Raymond James & Associates purchased a new stake in shares of Bottomline Technologies in the 2nd quarter valued at $204,000. 92.90% of the stock is currently owned by institutional investors.
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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