Shares of Bottomline Technologies (NASDAQ:EPAY) have been given an average recommendation of “Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $64.14.

Several research analysts have issued reports on EPAY shares. ValuEngine lowered shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research report on Tuesday, January 29th. Needham & Company LLC decreased their price target on shares of Bottomline Technologies to $62.00 and set a “buy” rating on the stock in a research report on Friday, February 1st. Finally, DA Davidson lifted their price target on shares of Bottomline Technologies from $1.52 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, February 1st.

In related news, insider Nigel K. Savory sold 5,895 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $49.25, for a total value of $290,328.75. Following the completion of the transaction, the insider now owns 162,062 shares of the company’s stock, valued at approximately $7,981,553.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Francis Kelly sold 2,942 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $47.20, for a total transaction of $138,862.40. The disclosure for this sale can be found here. Insiders sold a total of 14,851 shares of company stock valued at $719,908 in the last ninety days. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EPAY. First Quadrant L P CA acquired a new position in Bottomline Technologies in the 4th quarter worth approximately $69,000. Quantamental Technologies LLC acquired a new position in Bottomline Technologies in the 4th quarter worth approximately $91,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bottomline Technologies by 17.7% during the 4th 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 during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Bottomline Technologies during the 4th quarter valued at $131,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Bottomline Technologies during the 3rd quarter valued at $145,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

NASDAQ EPAY opened at $48.82 on Friday. Bottomline Technologies has a 12 month low of $36.79 and a 12 month high of $74.05. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.09 billion, a P/E ratio of 64.24, a P/E/G ratio of 7.08 and a beta of 0.94.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $104.85 million for the quarter, compared to analyst estimates of $103.73 million. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%. Sell-side analysts predict that Bottomline Technologies will post 0.57 EPS for the current fiscal year.

About Bottomline Technologies

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.

Further Reading: What is Blockchain?

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.