State of Tennessee Treasury Department decreased its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 29,138 shares of the technology company’s stock after selling 3,173 shares during the period. State of Tennessee Treasury Department’s holdings in Bottomline Technologies were worth $1,011,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAY. Westfield Capital Management Co. LP bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $20,396,000. Rothschild Asset Management Inc. bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $15,977,000. JPMorgan Chase & Co. increased its holdings in shares of Bottomline Technologies by 1,092.5% during the third quarter. JPMorgan Chase & Co. now owns 312,429 shares of the technology company’s stock valued at $10,001,000 after acquiring an additional 286,229 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Bottomline Technologies by 14.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,937,549 shares of the technology company’s stock valued at $67,194,000 after acquiring an additional 250,730 shares in the last quarter. Finally, OxFORD Asset Management LLP increased its holdings in shares of Bottomline Technologies by 209.6% during the third quarter. OxFORD Asset Management LLP now owns 329,412 shares of the technology company’s stock valued at $10,488,000 after acquiring an additional 223,009 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Bottomline Technologies (NASDAQ EPAY) opened at $39.54 on Tuesday. The stock has a market capitalization of $1,617.86, a P/E ratio of 77.98 and a beta of 1.03. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Bottomline Technologies has a 1 year low of $21.52 and a 1 year high of $39.99.
In other Bottomline Technologies news, insider Nigel K. Savory sold 11,125 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $39.14, for a total value of $435,432.50. Following the transaction, the insider now owns 127,441 shares of the company’s stock, valued at $4,988,040.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ken D’amato sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $621,180. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,863 shares of company stock worth $1,135,740. 2.40% of the stock is owned by insiders.
Several brokerages recently issued reports on EPAY. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Needham & Company LLC lifted their target price on Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.40.
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.
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