Equities research analysts expect Bottomline Technologies (NASDAQ:EPAY) to report earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Bottomline Technologies’ earnings, with estimates ranging from $0.30 to $0.34. Bottomline Technologies reported earnings per share of $0.35 during the same quarter last year, which indicates a negative year over year growth rate of 5.7%. The company is expected to issue its next earnings report on Thursday, August 8th.

On average, analysts expect that Bottomline Technologies will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.35. For the next financial year, analysts forecast that the firm will report earnings of $1.44 per share, with EPS estimates ranging from $1.39 to $1.53. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The firm had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis.

EPAY has been the subject of a number of recent analyst reports. TheStreet raised shares of Bottomline Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Barrington Research reissued a “buy” rating and issued a $62.50 price target on shares of Bottomline Technologies in a research report on Monday, April 29th. Raymond James downgraded shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $65.00 to $55.00 in a research report on Friday, May 3rd. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research downgraded shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Bottomline Technologies has a consensus rating of “Buy” and a consensus price target of $62.61.

In other Bottomline Technologies news, insider Robert A. Eberle sold 21,824 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $45.17, for a total transaction of $985,790.08. Following the transaction, the insider now directly owns 375,202 shares in the company, valued at approximately $16,947,874.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Douglas Booth sold 6,014 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $48.34, for a total value of $290,716.76. Following the transaction, the chief financial officer now owns 99,324 shares in the company, valued at $4,801,322.16. The disclosure for this sale can be found here. In the last three months, insiders sold 37,085 shares of company stock valued at $1,727,095. 2.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of EPAY. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Bottomline Technologies by 1,114.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock valued at $2,164,000 after acquiring an additional 492,033 shares in the last quarter. Norges Bank bought a new position in Bottomline Technologies during the 4th quarter valued at $22,886,000. TimesSquare Capital Management LLC lifted its stake in Bottomline Technologies by 57.0% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after acquiring an additional 412,855 shares in the last quarter. Daruma Capital Management LLC bought a new position in Bottomline Technologies during the 1st quarter valued at $18,795,000. Finally, Voya Investment Management LLC lifted its stake in Bottomline Technologies by 1,066.6% during the 1st quarter. Voya Investment Management LLC now owns 370,502 shares of the technology company’s stock valued at $18,559,000 after acquiring an additional 338,743 shares in the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

Shares of EPAY stock traded up $0.81 during trading on Wednesday, reaching $45.17. The company’s stock had a trading volume of 66,631 shares, compared to its average volume of 328,683. The company has a quick ratio of 1.89, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.88 billion, a PE ratio of 59.43 and a beta of 0.92. Bottomline Technologies has a one year low of $39.78 and a one year high of $74.05.

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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