Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bottomline Technologies (NASDAQ:EPAY) Stock Price
Press coverage about Bottomline Technologies (NASDAQ:EPAY) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bottomline Technologies earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.9674693409592 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Bottomline Technologies’ (NASDAQ:EPAY) “Buy” Rating Reaffirmed at Needham & Company LLC (americanbankingnews.com)
- Bottomline Technologies, Inc. (EPAY) Releases Earnings Results, Misses Expectations By $0.12 EPS (americanbankingnews.com)
- Bottomline Technologies (EPAY) Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of EPAY earnings conference call or presentation 10-Aug-17 9:00pm GMT (finance.yahoo.com)
- Bottomline Technologies Reports Fourth Quarter Results (finance.yahoo.com)
Bottomline Technologies (NASDAQ EPAY) opened at 29.98 on Friday. Bottomline Technologies has a one year low of $18.48 and a one year high of $31.10. The stock’s market cap is $1.13 billion. The company’s 50-day moving average price is $27.35 and its 200-day moving average price is $25.38.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.12. The business had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $90.95 million. Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.30%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. Analysts forecast that Bottomline Technologies will post $1.06 EPS for the current fiscal year.
Several research analysts have recently commented on EPAY shares. BidaskClub downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price objective on shares of Bottomline Technologies in a report on Wednesday, July 5th. FIX upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, July 17th. Raymond James Financial, Inc. upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, July 17th. Finally, UBS AG upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $30.50.
TRADEMARK VIOLATION WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-bottomline-technologies-nasdaqepay-stock-price/1480345.html.
In related news, insider Norman J. Deluca sold 2,750 shares of Bottomline Technologies stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $25.33, for a total transaction of $69,657.50. Following the transaction, the insider now directly owns 83,554 shares of the company’s stock, valued at $2,116,422.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Norman J. Deluca sold 1,898 shares of Bottomline Technologies stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $28.99, for a total transaction of $55,023.02. Following the transaction, the insider now directly owns 77,192 shares in the company, valued at $2,237,796.08. The disclosure for this sale can be found here. Company insiders own 3.20% 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.
Receive News & Ratings for Bottomline Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.