Bottomline Technologies (NASDAQ:EPAY) Director Jeffrey C. Leathe sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $40.75, for a total transaction of $203,750.00. Following the sale, the director now owns 5,000 shares in the company, valued at $203,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of EPAY stock traded up $1.08 during mid-day trading on Wednesday, hitting $42.10. 289,588 shares of the stock were exchanged, compared to its average volume of 290,644. The stock’s fifty day simple moving average is $42.19 and its two-hundred day simple moving average is $45.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.70 and a current ratio of 1.70. Bottomline Technologies has a 12-month low of $39.49 and a 12-month high of $74.05. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 43.40 and a beta of 0.98.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.19. The business had revenue of $108.24 million during the quarter, compared to the consensus estimate of $106.17 million. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. On average, research analysts expect that Bottomline Technologies will post 0.66 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on EPAY shares. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Friday, August 9th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Raymond James raised their price objective on shares of Bottomline Technologies from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Barrington Research reissued a “buy” rating and issued a $57.50 target price on shares of Bottomline Technologies in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $60.79.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Bottomline Technologies by 2.8% in the second quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock valued at $263,918,000 after buying an additional 162,367 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Bottomline Technologies by 1.5% in the 2nd quarter. Royal Bank of Canada now owns 385,194 shares of the technology company’s stock valued at $17,041,000 after acquiring an additional 5,742 shares during the period. Private Capital Group LLC increased its holdings in shares of Bottomline Technologies by 42.8% in the 2nd quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock valued at $39,000 after acquiring an additional 237 shares during the period. Nuveen Asset Management LLC purchased a new stake in Bottomline Technologies in the 2nd quarter valued at $16,045,000. Finally, Price T Rowe Associates Inc. MD raised its position in Bottomline Technologies by 8.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,604 shares of the technology company’s stock valued at $1,000,000 after purchasing an additional 1,810 shares during the last quarter. 89.57% of the stock is currently owned by institutional investors.

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.

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