Emerald Acquisition Ltd. purchased a new position in Bottomline Technologies Inc. (NASDAQ:EPAY) during the second quarter, Holdings Channel reports. The fund purchased 185,505 shares of the company’s stock, valued at approximately $3,994,000. Emerald Acquisition Ltd. owned approximately 0.48% of Bottomline Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in shares of Bottomline Technologies by 45.0% in the first quarter. Fisher Asset Management LLC now owns 181,285 shares of the company’s stock worth $5,498,000 after buying an additional 56,272 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Bottomline Technologies by 83.9% in the first quarter. GW&K Investment Management LLC now owns 96,670 shares of the company’s stock worth $2,947,000 after buying an additional 44,104 shares in the last quarter. Summit Creek Advisors LLC boosted its position in shares of Bottomline Technologies by 7.1% in the first quarter. Summit Creek Advisors LLC now owns 565,679 shares of the company’s stock worth $17,248,000 after buying an additional 37,378 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Bottomline Technologies by 3.5% in the first quarter. Prudential Financial Inc. now owns 101,035 shares of the company’s stock worth $3,080,000 after buying an additional 3,400 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Bottomline Technologies by 1.9% in the first quarter. BlackRock Inc. now owns 56,157 shares of the company’s stock worth $1,711,000 after buying an additional 1,031 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) traded down 0.69% during midday trading on Tuesday, reaching $22.96. 156,764 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.82 and a 200 day moving average of $24.84. The firm’s market cap is $867.20 million. Bottomline Technologies Inc. has a 52-week low of $18.48 and a 52-week high of $31.58.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.07. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The firm earned $88.10 million during the quarter. During the same quarter last year, the company posted $0.35 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Bottomline Technologies Inc. will post $0.94 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on EPAY shares. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of Bottomline Technologies in a report on Wednesday, June 1st. First Analysis assumed coverage on shares of Bottomline Technologies in a report on Tuesday, June 28th. They set an “overweight” rating and a $27.00 price objective on the stock. Needham & Company LLC dropped their price objective on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Finally, Canaccord Genuity dropped their price objective on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bottomline Technologies currently has a consensus rating of “Hold” and a consensus price target of $29.14.

In other news, insider Norman J. Deluca sold 2,500 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $22.35, for a total value of $55,875.00. Following the sale, the insider now directly owns 121,134 shares of the company’s stock, valued at approximately $2,707,344.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Francis Kelly sold 2,991 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $21.52, for a total transaction of $64,366.32. Following the completion of the sale, the insider now directly owns 43,250 shares in the company, valued at $930,740. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents, Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

5 Day Chart for NASDAQ:EPAY

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