Schwab Charles Investment Management Inc. raised its position in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 163,269 shares of the technology company’s stock after buying an additional 8,520 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Bottomline Technologies were worth $3,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Mason Street Advisors LLC increased its stake in Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock worth $209,000 after buying an additional 856 shares during the period. Envestnet Asset Management Inc. increased its stake in Bottomline Technologies by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 9,138 shares of the technology company’s stock worth $216,000 after buying an additional 1,730 shares during the period. Atria Investments LLC purchased a new stake in Bottomline Technologies during the first quarter worth $219,000. Capstone Asset Management Co. increased its stake in Bottomline Technologies by 14.1% in the first quarter. Capstone Asset Management Co. now owns 9,739 shares of the technology company’s stock worth $230,000 after buying an additional 1,206 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Bottomline Technologies during the first quarter worth $258,000. 92.46% of the stock is owned by institutional investors and hedge funds.

Bottomline Technologies, Inc. (EPAY) traded up 0.41% during trading on Wednesday, hitting $29.44. 33,350 shares of the stock were exchanged. The firm’s market capitalization is $1.11 billion. Bottomline Technologies, Inc. has a 12-month low of $18.48 and a 12-month high of $31.10. The stock has a 50 day moving average price of $27.55 and a 200-day moving average price of $25.44.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by $0.12. The company had revenue of $93.50 million during the quarter, compared to the consensus estimate of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. On average, equities research analysts anticipate that Bottomline Technologies, Inc. will post $1.06 earnings per share for the current fiscal year.

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EPAY has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price (up from $31.00) on shares of Bottomline Technologies in a research report on Friday, August 11th. Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price objective on shares of Bottomline Technologies in a research report on Wednesday, July 5th. Finally, FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Bottomline Technologies has a consensus rating of “Buy” and a consensus target price of $30.50.

In other Bottomline Technologies news, insider Norman J. Deluca sold 2,750 shares of Bottomline Technologies stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $25.33, for a total value of $69,657.50. Following the sale, the insider now directly owns 83,554 shares in the company, valued at approximately $2,116,422.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction on Monday, July 17th. The shares were sold at an average price of $28.99, for a total transaction of $55,023.02. Following the completion of the sale, the insider now owns 77,192 shares in the company, valued at $2,237,796.08. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.

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

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