Bottomline Technologies, Inc. (NASDAQ:EPAY) – Analysts at First Analysis issued their Q1 2019 earnings per share estimates for shares of Bottomline Technologies in a research report issued on Thursday. First Analysis analyst L. Berlin expects that the technology company will earn $0.31 per share for the quarter.

Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research report on Monday, September 11th. BidaskClub cut shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a research note on Friday, November 3rd. Finally, Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $34.00.

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Shares of Bottomline Technologies (EPAY) opened at $33.03 on Friday. The company has a market cap of $1,337.19, a price-to-earnings ratio of 80.56, a P/E/G ratio of 5.73 and a beta of 1.16. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $34.89.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.70 million. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS.

In other news, insider John Francis Kelly sold 2,913 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $33.75, for a total transaction of $98,313.75. Following the transaction, the insider now directly owns 35,549 shares in the company, valued at approximately $1,199,778.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Norman J. Deluca sold 1,584 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $33.06, for a total transaction of $52,367.04. Following the transaction, the insider now owns 99,633 shares in the company, valued at $3,293,866.98. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Bottomline Technologies by 9,565.3% in the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after buying an additional 5,357,259 shares during the last quarter. Vanguard Group Inc. grew its stake in Bottomline Technologies by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock valued at $90,053,000 after buying an additional 83,341 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in Bottomline Technologies by 10.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,686,819 shares of the technology company’s stock valued at $53,691,000 after buying an additional 161,900 shares during the last quarter. State Street Corp grew its stake in Bottomline Technologies by 4.3% in the 2nd quarter. State Street Corp now owns 986,721 shares of the technology company’s stock valued at $25,348,000 after buying an additional 40,256 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in Bottomline Technologies by 17.3% in the 2nd quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock valued at $25,303,000 after buying an additional 144,975 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

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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