Bottomline Technologies, Inc. (NASDAQ:EPAY) released its quarterly earnings results on Thursday. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.12, Morningstar.com reports. Bottomline Technologies had a positive return on equity of 4.95% and a negative net margin of 9.71%. The firm had revenue of $93.50 million for the quarter, compared to analyst estimates of $90.95 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis.

Bottomline Technologies (NASDAQ:EPAY) traded up 7.145% during mid-day trading on Friday, hitting $29.915. The stock had a trading volume of 1,131,541 shares. The company’s market cap is $1.14 billion. The company has a 50 day moving average price of $27.24 and a 200-day moving average price of $25.35. Bottomline Technologies has a one year low of $18.48 and a one year high of $31.10.

A number of research analysts have commented on EPAY shares. BidaskClub upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $26.00 price objective on shares of Bottomline Technologies in a research report on Wednesday, July 5th. UBS AG raised Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Finally, FIX raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Monday, July 17th. One 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 presently has a consensus rating of “Buy” and a consensus price target of $30.17.

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

Institutional investors have recently modified their holdings of the company. Global X Management Co. LLC raised its position in shares of Bottomline Technologies by 399.3% in the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after buying an additional 4,600 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Bottomline Technologies by 71.1% in the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock worth $183,000 after buying an additional 2,963 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of 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 in the last quarter. LaSalle Street Capital Management LLC purchased a new position in shares of Bottomline Technologies during the second quarter worth approximately $209,000. Finally, Envestnet Asset Management Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 92.02% 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.

Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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