Bottomline Technologies’ (EPAY) Buy Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their buy rating on shares of Bottomline Technologies (NASDAQ:EPAY) in a research note issued to investors on Tuesday.

EPAY has been the topic of several other reports. BidaskClub upgraded shares of Bottomline Technologies from a buy rating to a strong-buy rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Bottomline Technologies from a hold rating to a buy rating and set a $44.00 price objective on the stock in a report on Tuesday, March 13th. Needham & Company LLC upped their price objective on shares of Bottomline Technologies to $45.00 and gave the company a buy rating in a report on Friday, February 2nd. Finally, Citigroup assumed coverage on shares of Bottomline Technologies in a report on Wednesday, March 28th. They issued a buy rating and a $46.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $38.33.

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NASDAQ:EPAY opened at $39.08 on Tuesday. Bottomline Technologies has a one year low of $21.52 and a one year high of $39.99. The firm has a market capitalization of $1,602.00, a price-to-earnings ratio of 111.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 1.71.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.51 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. analysts predict that Bottomline Technologies will post 0.55 earnings per share for the current fiscal year.

In other news, CFO Richard Douglas Booth sold 5,660 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $38.67, for a total value of $218,872.20. Following the completion of the sale, the chief financial officer now owns 97,243 shares of the company’s stock, valued at $3,760,386.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert A. Eberle sold 9,078 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.25, for a total transaction of $338,155.50. Following the completion of the sale, the insider now directly owns 347,341 shares of the company’s stock, valued at approximately $12,938,452.25. The disclosure for this sale can be found here. In the last three months, insiders sold 27,863 shares of company stock valued at $1,066,720. 2.40% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in shares of Bottomline Technologies by 14.9% in 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 during the period. Millennium Management LLC boosted its position in shares of Bottomline Technologies by 169.0% in the fourth quarter. Millennium Management LLC now owns 894,947 shares of the technology company’s stock valued at $31,037,000 after acquiring an additional 562,273 shares during the period. Renaissance Technologies LLC boosted its position in shares of Bottomline Technologies by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 758,542 shares of the technology company’s stock valued at $26,306,000 after acquiring an additional 183,700 shares during the period. Fisher Asset Management LLC boosted its position in shares of Bottomline Technologies by 0.6% in the fourth quarter. Fisher Asset Management LLC now owns 578,467 shares of the technology company’s stock valued at $20,061,000 after acquiring an additional 3,340 shares during the period. Finally, Hood River Capital Management LLC boosted its position in shares of Bottomline Technologies by 7.8% in the fourth quarter. Hood River Capital Management LLC now owns 527,475 shares of the technology company’s stock valued at $18,293,000 after acquiring an additional 38,041 shares during the period. 92.92% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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