Bottomline Technologies (NASDAQ:EPAY) has been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $59.83.

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Wednesday, August 15th. Royal Bank of Canada lifted their target price on shares of Bottomline Technologies from $42.00 to $57.00 and gave the company a “sector perform” rating in a research note on Friday, August 10th. TheStreet raised shares of Bottomline Technologies from a “c+” rating to a “b” rating in a research note on Friday, August 10th. Finally, BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th.

Shares of NASDAQ:EPAY opened at $67.36 on Wednesday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 88.63 and a beta of 0.98. Bottomline Technologies has a 12-month low of $29.90 and a 12-month high of $67.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.85.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $106.50 million during the quarter, compared to analyst estimates of $101.05 million. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.30%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. equities analysts forecast that Bottomline Technologies will post 0.73 EPS for the current fiscal year.

In related news, insider Robert A. Eberle sold 26,903 shares of Bottomline Technologies stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $63.00, for a total value of $1,694,889.00. Following the completion of the sale, the insider now owns 437,017 shares of the company’s stock, valued at approximately $27,532,071. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey C. Leathe sold 5,000 shares of Bottomline Technologies stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $63.25, for a total transaction of $316,250.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $316,250. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,461 shares of company stock valued at $4,465,486. 2.40% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its holdings in Bottomline Technologies by 89.9% in the 1st quarter. Global X Management Co. LLC now owns 46,858 shares of the technology company’s stock worth $1,816,000 after acquiring an additional 22,177 shares during the period. Wells Fargo & Company MN raised its holdings in Bottomline Technologies by 167.3% in the 1st quarter. Wells Fargo & Company MN now owns 277,895 shares of the technology company’s stock worth $10,767,000 after acquiring an additional 173,930 shares during the period. Comerica Bank raised its holdings in Bottomline Technologies by 19.3% in the 1st quarter. Comerica Bank now owns 78,184 shares of the technology company’s stock worth $3,149,000 after acquiring an additional 12,626 shares during the period. SG Americas Securities LLC bought a new position in Bottomline Technologies in the 1st quarter worth $103,000. Finally, Mackay Shields LLC bought a new position in Bottomline Technologies in the 1st quarter worth $996,000. 97.24% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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