Bottomline Technologies (EPAY) Holdings Reduced by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. decreased its holdings in shares of Bottomline Technologies (NASDAQ:EPAY) by 26.8% in the fourth quarter, Holdings Channel reports. The firm owned 30,876 shares of the technology company’s stock after selling 11,330 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Bottomline Technologies were worth $1,482,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EPAY. First Quadrant L P CA bought a new position in Bottomline Technologies during the 4th quarter valued at approximately $69,000. Quantamental Technologies LLC bought a new position in Bottomline Technologies during the 4th quarter valued at approximately $91,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bottomline Technologies by 17.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock valued at $130,000 after purchasing an additional 406 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Bottomline Technologies during the 4th quarter valued at approximately $131,000. Finally, Point72 Asset Management L.P. bought a new position in Bottomline Technologies during the 3rd quarter valued at approximately $145,000. 87.63% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Richard Douglas Booth sold 6,014 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $48.34, for a total transaction of $290,716.76. Following the completion of the transaction, the chief financial officer now owns 99,324 shares of the company’s stock, valued at approximately $4,801,322.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Francis Kelly sold 2,942 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $47.20, for a total value of $138,862.40. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Bottomline Technologies had a return on equity of 9.25% and a net margin of 4.05%. The firm had revenue of $104.85 million during the quarter, compared to analyst estimates of $103.73 million. Equities research analysts forecast that Bottomline Technologies will post 0.57 EPS for the current year.
Several brokerages have recently issued reports on EPAY. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Tuesday, January 29th. Needham & Company LLC decreased their target price on Bottomline Technologies to $62.00 and set a “buy” rating for the company in a research report on Friday, February 1st. Craig Hallum decreased their target price on Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, February 4th. Finally, Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.78.
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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