Analysts’ Weekly Ratings Updates for Bottomline Technologies (EPAY)

Bottomline Technologies (NASDAQ: EPAY) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2018 – Bottomline Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/10/2018 – Bottomline Technologies had its price target raised by analysts at Royal Bank of Canada from $42.00 to $57.00. They now have a “sector perform” rating on the stock.
  • 8/10/2018 – Bottomline Technologies had its price target raised by analysts at Citigroup Inc from $58.00 to $66.00. They now have a “buy” rating on the stock.
  • 8/10/2018 – Bottomline Technologies had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $63.00 price target on the stock.
  • 8/10/2018 – Bottomline Technologies had its price target raised by analysts at Needham & Company LLC from $48.00 to $66.00. They now have a “buy” rating on the stock.
  • 7/31/2018 – Bottomline Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/4/2018 – Bottomline Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Bottomline Technologies (de), Inc. provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. It’s Paymode-X settlement network as a technology solution to expand the banks’ treasury management offerings both domestically and around the globe. Paymode-X enables financial institutions to offer comprehensive payables solutions for their corporate customers to convert their paper-based payments to electronic payments quickly and easily. Bottomline Technologies (de), Inc. deep experience in cyber fraud risk management solutions to launch a new payment fraud solution for members of the SWIFT payment network. “
  • 7/2/2018 – Bottomline Technologies had its “positive” rating reaffirmed by analysts at Citigroup Inc. They now have a $58.00 price target on the stock.

Shares of Bottomline Technologies traded up $0.10, hitting $59.14, on Monday, MarketBeat reports. 5,864 shares of the stock traded hands, compared to its average volume of 364,911. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 77.82 and a beta of 0.94. Bottomline Technologies has a twelve month low of $28.20 and a twelve month high of $60.90.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $101.05 million. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.55%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. equities research analysts predict that Bottomline Technologies will post 0.68 EPS for the current year.

In other news, Director Ken D’amato sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $48.96, for a total transaction of $97,920.00. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at approximately $832,320. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Eberle sold 19,591 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $46.55, for a total transaction of $911,961.05. Following the transaction, the chief executive officer now directly owns 381,819 shares in the company, valued at approximately $17,773,674.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,646 shares of company stock worth $2,445,861. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Ontario Teachers Pension Plan Board purchased a new stake in Bottomline Technologies in the 2nd quarter valued at about $417,000. ClariVest Asset Management LLC raised its holdings in Bottomline Technologies by 11.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 17,100 shares of the technology company’s stock valued at $852,000 after buying an additional 1,700 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Bottomline Technologies in the 2nd quarter valued at about $2,023,000. Legal & General Group Plc raised its holdings in Bottomline Technologies by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 78,790 shares of the technology company’s stock valued at $3,948,000 after buying an additional 4,428 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Bottomline Technologies by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after buying an additional 40,626 shares during the period. 93.05% of the stock is currently owned by hedge funds and other institutional investors.

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

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