Royal Bank Of Canada restated their hold rating on shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) in a research note released on Monday morning. They currently have a $29.00 target price on the technology company’s stock.

Several other research analysts also recently commented on the stock. BidaskClub raised shares of Bottomline Technologies from a hold rating to a buy rating in a report on Sunday, July 16th. FIX raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 price objective for the company in a report on Monday, July 17th. Raymond James Financial, Inc. raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 price objective for the company in a report on Monday, July 17th. UBS AG raised shares of Bottomline Technologies from a market perform rating to an outperform rating in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of Bottomline Technologies from a hold rating to a strong sell rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $32.00.

Shares of Bottomline Technologies (NASDAQ:EPAY) opened at 30.97 on Monday. The company’s market cap is $1.16 billion. Bottomline Technologies has a 52 week low of $21.52 and a 52 week high of $31.22. The firm’s 50-day moving average price is $29.32 and its 200 day moving average price is $26.03.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.95 million. During the same period last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Bottomline Technologies will post $1.06 EPS for the current year.

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In related news, insider John Francis Kelly sold 3,977 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total value of $117,480.58. Following the completion of the transaction, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Norman J. Deluca sold 1,898 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $28.99, for a total transaction of $55,023.02. Following the completion of the transaction, the insider now directly owns 77,192 shares of the company’s stock, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Global X Management Co. LLC lifted its holdings in shares of Bottomline Technologies by 399.3% in the 2nd quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock valued at $148,000 after acquiring an additional 4,600 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Bottomline Technologies by 71.1% in the 2nd 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. Piedmont Investment Advisors LLC bought a new position in shares of Bottomline Technologies in the 2nd quarter valued at about $201,000. LaSalle Street Capital Management LLC bought a new position in shares of Bottomline Technologies in the 2nd quarter valued at about $209,000. Finally, Mason Street Advisors LLC lifted its holdings in shares of Bottomline Technologies by 10.7% in the 1st quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after acquiring an additional 856 shares during the last quarter. 90.96% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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