Signaturefd LLC cut its stake in shares of Bottomline Technologies (NASDAQ:EPAY) by 18.4% during the first quarter, HoldingsChannel.com reports. The firm owned 1,329 shares of the technology company’s stock after selling 300 shares during the quarter. Signaturefd LLC’s holdings in Bottomline Technologies were worth $67,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EPAY. BlackRock Inc. increased its position in Bottomline Technologies by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,712,147 shares of the technology company’s stock worth $274,184,000 after purchasing an additional 183,249 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Bottomline Technologies by 2.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,913,436 shares of the technology company’s stock worth $95,844,000 after purchasing an additional 45,679 shares during the last quarter. Janus Henderson Group PLC increased its position in Bottomline Technologies by 0.7% in the 1st quarter. Janus Henderson Group PLC now owns 839,382 shares of the technology company’s stock worth $42,045,000 after purchasing an additional 5,746 shares during the last quarter. North Star Asset Management Inc. increased its position in Bottomline Technologies by 3.3% in the 1st quarter. North Star Asset Management Inc. now owns 740,228 shares of the technology company’s stock worth $37,079,000 after purchasing an additional 23,605 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its position in Bottomline Technologies by 0.4% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 688,323 shares of the technology company’s stock worth $34,478,000 after purchasing an additional 2,578 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors.

In other news, insider Norman J. Deluca sold 3,352 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $47.81, for a total value of $160,259.12. Following the completion of the transaction, the insider now directly owns 76,990 shares of the company’s stock, valued at approximately $3,680,891.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert A. Eberle sold 21,824 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $45.17, for a total value of $985,790.08. Following the completion of the transaction, the insider now directly owns 375,202 shares of the company’s stock, valued at $16,947,874.34. The disclosure for this sale can be found here. Insiders sold a total of 37,085 shares of company stock valued at $1,727,095 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Shares of EPAY stock opened at $42.01 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a 12 month low of $39.78 and a 12 month high of $74.05. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 55.28 and a beta of 1.03.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.21. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. The company had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. During the same quarter last year, the company earned $0.30 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Bottomline Technologies will post 0.58 EPS for the current year.

Several research analysts have weighed in on EPAY shares. Craig Hallum dropped their target price on Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, February 4th. TheStreet downgraded Bottomline Technologies from a “b-” rating to a “c+” rating in a research note on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $57.00 target price (down previously from $66.00) on shares of Bottomline Technologies in a research note on Friday, May 3rd. BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $62.61.

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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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