Bottomline Technologies (EPAY) Given News Sentiment Rating of 0.05
News coverage about Bottomline Technologies (NASDAQ:EPAY) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bottomline Technologies earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.6325632126185 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have recently weighed in on EPAY shares. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, November 8th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research report on Friday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a research report on Friday, November 3rd. Finally, BidaskClub cut shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Bottomline Technologies currently has an average rating of “Buy” and an average price target of $34.00.
Bottomline Technologies (NASDAQ EPAY) traded up $0.03 during trading hours on Wednesday, reaching $33.56. 422,832 shares of the company were exchanged, compared to its average volume of 337,330. Bottomline Technologies has a 12 month low of $21.52 and a 12 month high of $34.89. The stock has a market capitalization of $1,358.22, a PE ratio of 81.83, a price-to-earnings-growth ratio of 5.82 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Bottomline Technologies’s revenue for the quarter was up 9.9% compared to the same quarter last year. analysts expect that Bottomline Technologies will post 0.48 EPS for the current year.
In related news, Director Jennifer M. Gray sold 2,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $33.05, for a total transaction of $66,100.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at $132,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Francis Kelly sold 2,913 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $33.75, for a total transaction of $98,313.75. Following the sale, the insider now directly owns 35,549 shares of the company’s stock, valued at approximately $1,199,778.75. The disclosure for this sale can be found here. Insiders have sold 6,497 shares of company stock valued at $216,781 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
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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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