Bank of New York Mellon Corp Has $15.34 Million Stock Holdings in Bottomline Technologies (de), Inc. (NASDAQ:EPAY)

Bank of New York Mellon Corp decreased its stake in Bottomline Technologies (de), Inc. (NASDAQ:EPAY) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,734 shares of the technology company’s stock after selling 17,177 shares during the period. Bank of New York Mellon Corp owned 0.91% of Bottomline Technologies (de) worth $15,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EPAY. Eagle Bay Advisors LLC acquired a new stake in shares of Bottomline Technologies (de) in the second quarter valued at about $39,000. Marshall Wace LLP acquired a new stake in shares of Bottomline Technologies (de) in the first quarter valued at about $45,000. Captrust Financial Advisors increased its stake in shares of Bottomline Technologies (de) by 1,503.8% in the first quarter. Captrust Financial Advisors now owns 1,283 shares of the technology company’s stock valued at $58,000 after buying an additional 1,203 shares during the period. Tortoise Index Solutions LLC acquired a new stake in shares of Bottomline Technologies (de) in the second quarter valued at about $61,000. Finally, Truvestments Capital LLC boosted its position in shares of Bottomline Technologies (de) by 168.0% during the 1st quarter. Truvestments Capital LLC now owns 1,790 shares of the technology company’s stock valued at $81,000 after purchasing an additional 1,122 shares in the last quarter. 89.47% of the stock is owned by institutional investors.

Shares of NASDAQ:EPAY opened at $38.50 on Thursday. The business’s 50 day simple moving average is $40.78 and its two-hundred day simple moving average is $40.73. The firm has a market cap of $1.76 billion, a P/E ratio of -101.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.68 and a current ratio of 1.68. Bottomline Technologies has a 52-week low of $36.05 and a 52-week high of $55.09.

Bottomline Technologies (de) (NASDAQ:EPAY) last announced its quarterly earnings results on Monday, August 9th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $122.10 million for the quarter, compared to analyst estimates of $122.99 million. Bottomline Technologies (de) had a positive return on equity of 2.27% and a negative net margin of 3.46%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, equities analysts forecast that Bottomline Technologies will post 0.26 earnings per share for the current fiscal year.

EPAY has been the topic of several research analyst reports. Craig Hallum cut their target price on Bottomline Technologies (de) from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, August 11th. DA Davidson cut their target price on Bottomline Technologies (de) from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, August 16th. Needham & Company LLC cut their target price on Bottomline Technologies (de) from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, August 11th. Raymond James cut their target price on Bottomline Technologies (de) from $54.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, August 12th. Finally, Zacks Investment Research lowered Bottomline Technologies (de) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Bottomline Technologies (de) has an average rating of “Hold” and a consensus price target of $47.40.

In other news, insider John Francis Kelly sold 939 shares of the stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $41.37, for a total value of $38,846.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nigel K. Savory sold 1,445 shares of the stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $39.44, for a total value of $56,990.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,546 shares of company stock valued at $1,458,629. Company insiders own 2.60% of the company’s stock.

About Bottomline Technologies (de)

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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Institutional Ownership by Quarter for Bottomline Technologies (de) (NASDAQ:EPAY)

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