Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) have received a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.00.

A number of research analysts have issued reports on EPAY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target (up from $31.00) on shares of Bottomline Technologies in a research note on Friday, August 11th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research note on Friday, August 11th. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, UBS AG raised Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th.

Bottomline Technologies (NASDAQ EPAY) traded up 1.03% during trading on Friday, reaching $30.31. 297,871 shares of the company’s stock traded hands. The company’s market capitalization is $1.13 billion. The firm’s 50 day moving average is $28.68 and its 200-day moving average is $25.72. Bottomline Technologies has a 12 month low of $21.52 and a 12 month high of $31.10.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.12. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The business had revenue of $93.50 million for the quarter, compared to analyst estimates of $90.95 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Bottomline Technologies will post $1.06 EPS for the current fiscal year.

In other news, insider John Francis Kelly sold 3,977 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the completion of the sale, the insider now directly owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Norman J. Deluca sold 1,898 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $28.99, for a total value of $55,023.02. Following the completion of the sale, the insider now directly owns 77,192 shares of the company’s stock, valued at $2,237,796.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,625 shares of company stock valued at $242,161. 3.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of EPAY. First Mercantile Trust Co. boosted its stake in Bottomline Technologies by 0.3% in the second quarter. First Mercantile Trust Co. now owns 13,203 shares of the technology company’s stock worth $339,000 after buying an additional 39 shares during the last quarter. California Public Employees Retirement System boosted its stake in Bottomline Technologies by 0.9% in the first quarter. California Public Employees Retirement System now owns 70,300 shares of the technology company’s stock worth $1,663,000 after buying an additional 600 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Bottomline Technologies by 7.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the technology company’s stock worth $229,000 after buying an additional 600 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Bottomline Technologies by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 118,347 shares of the technology company’s stock worth $3,040,000 after buying an additional 633 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Bottomline Technologies by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 21,840 shares of the technology company’s stock worth $561,000 after buying an additional 650 shares during the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.

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Bottomline Technologies Company Profile

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.

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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