Prudential Financial Inc. trimmed its holdings in Bottomline Technologies (NASDAQ:EPAY) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,865 shares of the technology company’s stock after selling 360 shares during the quarter. Prudential Financial Inc. owned 0.14% of Bottomline Technologies worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of EPAY. First Quadrant L P CA purchased a new stake in Bottomline Technologies during the fourth quarter valued at about $69,000. Quantamental Technologies LLC purchased a new stake in Bottomline Technologies during the fourth quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Bottomline Technologies by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock valued at $130,000 after buying an additional 406 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Bottomline Technologies during the fourth quarter valued at about $131,000. Finally, Point72 Asset Management L.P. purchased a new stake in Bottomline Technologies during the third quarter valued at about $145,000. 87.63% of the stock is owned by institutional investors.

A number of research firms have commented on EPAY. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. Raymond James reduced their price objective on shares of Bottomline Technologies from $77.00 to $65.00 in a research note on Monday, February 4th. Craig Hallum reduced their price objective on shares of Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, February 4th. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research note on Monday, February 4th. Finally, DA Davidson upped their price objective on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a research note on Friday, February 1st. Four research 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.78.

In other news, insider John Francis Kelly sold 2,942 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $47.20, for a total value of $138,862.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard Douglas Booth sold 6,014 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $48.34, for a total value of $290,716.76. Following the completion of the transaction, the chief financial officer now owns 99,324 shares in the company, valued at approximately $4,801,322.16. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Shares of EPAY opened at $49.06 on Friday. The stock has a market capitalization of $2.12 billion, a PE ratio of 64.55, a price-to-earnings-growth ratio of 7.11 and a beta of 0.94. Bottomline Technologies has a fifty-two week low of $36.79 and a fifty-two week high of $74.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 1.89.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $104.85 million for the quarter, compared to the consensus estimate of $103.73 million. Bottomline Technologies had a return on equity of 9.25% and a net margin of 4.05%. On average, sell-side analysts expect that Bottomline Technologies will post 0.57 EPS for the current fiscal year.

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Bottomline Technologies Company Profile

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

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