Norman J. Deluca Sells 2,500 Shares of Bottomline Technologies Inc. (EPAY) Stock
Bottomline Technologies Inc. (NASDAQ:EPAY) insider Norman J. Deluca sold 2,500 shares of Bottomline Technologies stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $22.77, for a total transaction of $56,925.00. Following the completion of the transaction, the insider now directly owns 114,104 shares in the company, valued at approximately $2,598,148.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) opened at 23.32 on Thursday. The firm’s market capitalization is $880.80 million. The company’s 50 day moving average is $21.93 and its 200 day moving average is $24.78. Bottomline Technologies Inc. has a 12-month low of $18.48 and a 12-month high of $31.58.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $88.10 million for the quarter. Bottomline Technologies had a negative net margin of 5.72% and a positive return on equity of 8.84%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, analysts forecast that Bottomline Technologies Inc. will post $0.94 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Bottomline Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. First Analysis assumed coverage on shares of Bottomline Technologies in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $27.00 price objective on the stock. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Canaccord Genuity decreased their target price on shares of Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 26th. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 target price on shares of Bottomline Technologies in a report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.14.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. PineBridge Investments L.P. increased its position in shares of Bottomline Technologies by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,807 shares of the company’s stock valued at $104,000 after buying an additional 176 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Bottomline Technologies by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,651 shares of the company’s stock valued at $122,000 after buying an additional 682 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Bottomline Technologies during the second quarter valued at $160,000. Sei Investments Co. boosted its stake in shares of Bottomline Technologies by 22.7% in the second quarter. Sei Investments Co. now owns 10,035 shares of the company’s stock valued at $216,000 after buying an additional 1,856 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Bottomline Technologies by 7.1% in the first quarter. Legal & General Group Plc now owns 10,058 shares of the company’s stock valued at $307,000 after buying an additional 669 shares in the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.
About Bottomline Technologies
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.
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