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.
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.
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.
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