Norman J. Deluca Sells 9,708 Shares of Bottomline Technologies, Inc. (EPAY) Stock
Bottomline Technologies, Inc. (NASDAQ:EPAY) insider Norman J. Deluca sold 9,708 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.58, for a total transaction of $325,994.64. Following the completion of the transaction, the insider now owns 89,925 shares in the company, valued at approximately $3,019,681.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Bottomline Technologies, Inc. (NASDAQ:EPAY) traded up $0.08 during trading hours on Monday, reaching $33.86. 310,295 shares of the company’s stock were exchanged, compared to its average volume of 338,800. The firm has a market capitalization of $1,370.00, a PE ratio of 82.39, a price-to-earnings-growth ratio of 5.86 and a beta of 1.16. Bottomline Technologies, Inc. has a 1-year low of $21.52 and a 1-year high of $34.89.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $91.30 million during 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%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. equities research analysts expect that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.
A number of research analysts recently commented on the stock. 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. Royal Bank of Canada reiterated a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Bottomline Technologies in a research note on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bottomline Technologies has a consensus rating of “Buy” and a consensus target price of $34.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co. LLC raised its position in Bottomline Technologies by 399.3% in the second quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after acquiring an additional 4,600 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Bottomline Technologies in the second quarter valued at approximately $201,000. Macquarie Group Ltd. bought a new stake in shares of Bottomline Technologies in the third quarter valued at approximately $204,000. LaSalle Street Capital Management LLC bought a new stake in shares of Bottomline Technologies in the second quarter valued at approximately $209,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Bottomline Technologies in the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.
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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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