Robert A. Eberle Sells 30,907 Shares of Bottomline Technologies, Inc. (EPAY) Stock
Bottomline Technologies, Inc. (NASDAQ:EPAY) insider Robert A. Eberle sold 30,907 shares of Bottomline Technologies stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $33.45, for a total value of $1,033,839.15. Following the sale, the insider now owns 379,100 shares in the company, valued at $12,680,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Bottomline Technologies, Inc. (EPAY) opened at $34.01 on Friday. Bottomline Technologies, Inc. has a one year low of $21.52 and a one year high of $34.89. The firm has a market capitalization of $1,376.86, a price-to-earnings ratio of 82.95, a PEG ratio of 5.90 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The firm had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. analysts forecast that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.
EPAY has been the topic of several analyst reports. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 target price on shares of Bottomline Technologies in a report on Friday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Bottomline Technologies in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bottomline Technologies has an average rating of “Buy” and a consensus price target of $34.00.
Hedge funds have recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in shares of 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 purchasing an additional 4,600 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Bottomline Technologies during the third quarter valued at $204,000. Crossmark Global Holdings Inc. purchased a new stake in Bottomline Technologies during the third quarter valued at $217,000. State of Alaska Department of Revenue increased its position in Bottomline Technologies by 71.1% during the second quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock valued at $183,000 after acquiring an additional 2,963 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new stake in Bottomline Technologies during the third quarter valued at $227,000. Hedge funds and other institutional investors own 93.04% 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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