Bottomline Technologies (EPAY) Issues Earnings Results, Hits Estimates

Bottomline Technologies (NASDAQ:EPAY) posted its quarterly earnings results on Thursday. The technology company reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33, Briefing.com reports. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The company had revenue of $102.44 million for the quarter, compared to analysts’ expectations of $99.90 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year.

Shares of NASDAQ EPAY traded down $10.44 during trading hours on Friday, hitting $54.74. 1,830,801 shares of the company traded hands, compared to its average volume of 385,161. The company has a market cap of $2.63 billion, a P/E ratio of 72.03, a P/E/G ratio of 6.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.85 and a current ratio of 1.85. Bottomline Technologies has a 12 month low of $32.00 and a 12 month high of $74.05.

In other news, Director Jennifer M. Gray sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $65.33, for a total transaction of $97,995.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $326,650. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nigel K. Savory sold 5,926 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $67.14, for a total value of $397,871.64. Following the transaction, the insider now directly owns 135,140 shares in the company, valued at approximately $9,073,299.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,578 shares of company stock worth $5,222,230. Corporate insiders own 2.40% of the company’s stock.

Several brokerages have recently issued reports on EPAY. BidaskClub cut Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Needham & Company LLC upped their price objective on Bottomline Technologies from $48.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Craig Hallum reissued a “buy” rating and set a $63.00 target price on shares of Bottomline Technologies in a research report on Friday, August 10th. Citigroup boosted their target price on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Royal Bank of Canada boosted their target price on Bottomline Technologies from $42.00 to $57.00 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Bottomline Technologies has an average rating of “Buy” and an average target price of $60.86.

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Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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