Wedge Capital Management L L P NC trimmed its holdings in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 21.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,724 shares of the technology company’s stock after selling 2,062 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Bottomline Technologies were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EPAY. Global X Management Co. LLC increased its position in 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 buying an additional 4,600 shares in the last quarter. State of Alaska Department of Revenue increased its position in 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 buying an additional 2,963 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Bottomline Technologies in the 2nd quarter valued at about $201,000. LaSalle Street Capital Management LLC bought a new stake in Bottomline Technologies in the 2nd quarter valued at about $209,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Bottomline Technologies in the 3rd quarter valued at about $217,000. 92.06% of the stock is currently owned by institutional investors.

Bottomline Technologies, Inc. (NASDAQ:EPAY) opened at $33.37 on Friday. The company has a market capitalization of $1,350.95, a price-to-earnings ratio of 81.39, a P/E/G ratio of 5.79 and a beta of 1.16. Bottomline Technologies, Inc. has a 12 month low of $21.52 and a 12 month high of $34.89.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ 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 business had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. equities analysts anticipate that Bottomline Technologies, Inc. will post 0.48 earnings per share for the current fiscal year.

EPAY has been the subject of several recent analyst reports. BidaskClub raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price (up from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a research note on Monday, September 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $34.00.

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In other Bottomline Technologies news, insider John Francis Kelly sold 2,913 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $33.75, for a total value of $98,313.75. Following the completion of the sale, the insider now directly owns 35,549 shares in the company, valued at $1,199,778.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Norman J. Deluca sold 1,584 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $33.06, for a total transaction of $52,367.04. Following the completion of the sale, the insider now owns 99,633 shares of the company’s stock, valued at $3,293,866.98. The disclosure for this sale can be found here. Insiders have sold 8,474 shares of company stock worth $268,161 over the last ninety days. Insiders own 2.40% 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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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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