Bottomline Technologies, Inc. (NASDAQ:EPAY) CEO Robert A. Eberle sold 12,601 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.51, for a total transaction of $422,259.51. Following the completion of the transaction, the chief executive officer now owns 366,499 shares in the company, valued at $12,281,381.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Bottomline Technologies, Inc. (EPAY) traded up $0.08 during trading on Monday, hitting $33.86. 310,295 shares of the stock traded hands, compared to its average volume of 338,800. Bottomline Technologies, Inc. has a 1-year low of $21.52 and a 1-year high of $34.89. The firm has a market cap of $1,370.00, a price-to-earnings ratio of 82.39, a P/E/G ratio of 5.86 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The business had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.70 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. equities research analysts anticipate that Bottomline Technologies, Inc. will post 0.48 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Eagle Boston Investment Management Inc. boosted its position in shares of 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 valued at $9,062,000 after acquiring an additional 2,356 shares in the last quarter. Nomura Holdings Inc. lifted 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 valued at $2,719,000 after purchasing an additional 12,165 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Bottomline Technologies by 13.0% during the 3rd quarter. Hood River Capital Management LLC now owns 489,434 shares of the technology company’s stock valued at $15,579,000 after purchasing an additional 56,155 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Bottomline Technologies by 122.6% during the 3rd quarter. Bessemer Group Inc. now owns 50,300 shares of the technology company’s stock valued at $1,601,000 after purchasing an additional 27,700 shares during the last quarter. Finally, State Street Corp lifted its holdings in Bottomline Technologies by 4.3% during the 2nd quarter. State Street Corp now owns 986,721 shares of the technology company’s stock valued at $25,348,000 after purchasing an additional 40,256 shares during the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.

EPAY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Bottomline Technologies in a research report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $34.00.

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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.

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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