Bottomline Technologies, Inc. (EPAY) Director Peter Gibson Purchases 4,000 Shares

Bottomline Technologies, Inc. (NASDAQ:EPAY) Director Peter Gibson acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were bought at an average price of $46.66 per share, for a total transaction of $186,640.00. Following the purchase, the director now owns 21,000 shares in the company, valued at $979,860. The transaction was disclosed in a document filed with the SEC, which is available at this link.

EPAY traded up $0.16 during trading hours on Friday, reaching $47.51. The company’s stock had a trading volume of 397,953 shares, compared to its average volume of 468,505. Bottomline Technologies, Inc. has a 52 week low of $23.62 and a 52 week high of $49.31. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.93 billion, a PE ratio of 135.74 and a beta of 0.99.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 7.86% and a negative net margin of 2.05%. The business had revenue of $101.14 million for the quarter, compared to analysts’ expectations of $96.99 million. During the same quarter in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. equities analysts forecast that Bottomline Technologies, Inc. will post 0.58 earnings per share for the current year.

A number of equities research analysts have recently issued reports on EPAY shares. Needham & Company LLC upped their price objective on Bottomline Technologies to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, May 10th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research note on Tuesday, April 3rd. Citigroup started coverage on Bottomline Technologies in a research note on Wednesday, March 28th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, BidaskClub cut Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Bottomline Technologies presently has a consensus rating of “Buy” and a consensus price target of $39.86.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Bottomline Technologies during the 1st quarter worth $103,000. Bayesian Capital Management LP bought a new position in Bottomline Technologies during the 1st quarter worth $208,000. Engineers Gate Manager LP bought a new position in Bottomline Technologies during the 1st quarter worth $214,000. Amalgamated Bank bought a new position in Bottomline Technologies during the 1st quarter worth $219,000. Finally, Xact Kapitalforvaltning AB bought a new position in Bottomline Technologies during the 4th quarter worth $205,000. Institutional investors and hedge funds own 93.20% of the company’s stock.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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