Bottomline Technologies (NASDAQ:EPAY) Director Peter Gibson acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of $24.42 per share, with a total value of $48,840.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $244,200. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Bottomline Technologies (NASDAQ:EPAY) traded down 0.65% during midday trading on Monday, reaching $24.49. The company’s stock had a trading volume of 198,682 shares. The firm has a 50 day moving average price of $25.47 and a 200 day moving average price of $24.33. Bottomline Technologies has a 1-year low of $18.48 and a 1-year high of $31.52. The firm’s market capitalization is $926.14 million.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Bottomline Technologies had a positive return on equity of 6.20% and a negative net margin of 9.01%. The company earned $86.73 million during the quarter, compared to analyst estimates of $85.38 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts predict that Bottomline Technologies will post $0.94 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Bottomline Technologies during the third quarter worth approximately $17,593,000. Fisher Asset Management LLC raised its position in shares of Bottomline Technologies by 51.6% in the third quarter. Fisher Asset Management LLC now owns 490,159 shares of the company’s stock worth $11,426,000 after buying an additional 166,800 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Bottomline Technologies by 29.8% in the third quarter. Public Employees Retirement Association of Colorado now owns 453,800 shares of the company’s stock worth $10,578,000 after buying an additional 104,200 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Bottomline Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the company’s stock worth $196,000 after buying an additional 130 shares during the period. Finally, Bernzott Capital Advisors raised its position in shares of Bottomline Technologies by 44.1% in the third quarter. Bernzott Capital Advisors now owns 691,270 shares of the company’s stock worth $16,114,000 after buying an additional 211,530 shares during the period. Institutional investors own 92.53% of the company’s stock.
A number of equities research analysts have issued reports on EPAY shares. Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. TheStreet upgraded Bottomline Technologies from a “d+” rating to a “c” rating in a research note on Wednesday, February 1st. Finally, Needham & Company LLC raised their target price on Bottomline Technologies from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.80.
About Bottomline Technologies
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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