Bottomline Technologies (EPAY) Receives Average Recommendation of “Buy” from Brokerages

Bottomline Technologies (NASDAQ:EPAY) has received a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.20.

A number of brokerages have weighed in on EPAY. Needham & Company LLC boosted their target price on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a research note on Tuesday, April 3rd. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, Citigroup began coverage on shares of Bottomline Technologies in a research note on Wednesday, March 28th. They set a “buy” rating and a $46.00 target price for the company.

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Shares of NASDAQ EPAY opened at $39.08 on Friday. Bottomline Technologies has a twelve month low of $21.52 and a twelve month high of $39.99. The company has a market capitalization of $1,602.00, a P/E ratio of 111.66 and a beta of 0.98. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.53.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.51 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. sell-side analysts expect that Bottomline Technologies will post 0.55 earnings per share for the current fiscal year.

In other Bottomline Technologies news, insider Robert A. Eberle sold 9,078 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $12,938,452.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nigel K. Savory sold 11,125 shares of the company’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 completion of the sale, the insider now owns 127,441 shares of the company’s stock, valued at $4,988,040.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,863 shares of company stock valued at $1,066,720. Company insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Bottomline Technologies in the 4th quarter worth $205,000. We Are One Seven LLC purchased a new stake in shares of Bottomline Technologies in the 4th quarter worth $377,000. MetLife Investment Advisors LLC purchased a new stake in shares of Bottomline Technologies in the 4th quarter worth $665,000. Gotham Asset Management LLC purchased a new stake in shares of Bottomline Technologies in the 4th quarter worth $660,000. Finally, Millennium Management LLC increased its stake in shares of Bottomline Technologies by 169.0% in the 4th quarter. Millennium Management LLC now owns 894,947 shares of the technology company’s stock worth $31,037,000 after purchasing an additional 562,273 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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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.

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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