Insider Selling: Bottomline Technologies (NASDAQ:EPAY) Director Sells 5,000 Shares of Stock
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.
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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