Insider Selling: Bottomline Technologies, Inc. (EPAY) Insider Sells $98,313.75 in Stock
Bottomline Technologies, Inc. (NASDAQ:EPAY) 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 completion of the transaction, the insider now owns 35,549 shares in the company, valued at $1,199,778.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
John Francis Kelly also recently made the following trade(s):
- On Wednesday, August 16th, John Francis Kelly sold 3,977 shares of Bottomline Technologies stock. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58.
Shares of Bottomline Technologies, Inc. (EPAY) opened at $33.37 on Friday. The company has a market cap of $1,350.95, a P/E ratio of 81.39, a P/E/G ratio of 5.79 and a beta of 1.16. Bottomline Technologies, Inc. has a 52 week low of $21.52 and a 52 week high of $34.89.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The company 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%. Bottomline Technologies’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. analysts forecast that Bottomline Technologies, Inc. will post 0.48 EPS for the current year.
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A number of research firms have weighed in on EPAY. Zacks Investment Research upgraded shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 target price on shares of Bottomline Technologies in a research note on Monday, September 11th. Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Raymond James Financial, Inc. upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $34.00.
Several hedge funds have recently made changes to their positions in the stock. Eagle Boston Investment Management Inc. increased its holdings in Bottomline Technologies by 0.7% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 352,777 shares of the technology company’s stock worth $9,062,000 after acquiring an additional 2,356 shares during the period. Nomura Holdings Inc. increased its holdings in Bottomline Technologies by 13.0% during the 2nd quarter. Nomura Holdings Inc. now owns 105,631 shares of the technology company’s stock worth $2,719,000 after acquiring an additional 12,165 shares during the period. BlackRock Inc. increased its holdings in Bottomline Technologies by 9,565.3% during the 1st quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock worth $128,023,000 after acquiring an additional 5,357,259 shares during the period. State Street Corp increased its holdings in Bottomline Technologies by 9.1% during the 1st quarter. State Street Corp now owns 946,465 shares of the technology company’s stock worth $22,386,000 after acquiring an additional 78,904 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in Bottomline Technologies by 7.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 21,190 shares of the technology company’s stock worth $501,000 after acquiring an additional 1,480 shares during the period. Institutional investors own 92.06% 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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