Brokerages Anticipate Bottomline Technologies (EPAY) Will Announce Quarterly Sales of $106.20 Million

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Equities analysts expect that Bottomline Technologies (NASDAQ:EPAY) will report sales of $106.20 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Bottomline Technologies’ earnings. The lowest sales estimate is $105.44 million and the highest is $107.14 million. Bottomline Technologies posted sales of $106.47 million during the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The company is scheduled to report its next earnings report on Thursday, August 8th.

On average, analysts expect that Bottomline Technologies will report full-year sales of $419.93 million for the current year, with estimates ranging from $419.16 million to $420.86 million. For the next year, analysts anticipate that the business will report sales of $456.60 million, with estimates ranging from $454.30 million to $458.53 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.21. The business had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. Bottomline Technologies’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share.

Several research analysts have commented on the company. BidaskClub downgraded Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a report on Monday, February 4th. Raymond James reduced their price target on Bottomline Technologies from $77.00 to $65.00 in a report on Monday, February 4th. Zacks Investment Research cut Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, DA Davidson boosted their price target on Bottomline Technologies from $1.52 to $47.00 and gave the stock a “neutral” rating in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $62.61.

In related news, insider Norman J. Deluca sold 3,352 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $47.81, for a total value of $160,259.12. Following the sale, the insider now directly owns 76,990 shares in the company, valued at $3,680,891.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert A. Eberle sold 21,824 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $985,790.08. Following the completion of the sale, the insider now owns 375,202 shares in the company, valued at $16,947,874.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,085 shares of company stock worth $1,727,095. Company insiders own 2.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EPAY. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Bottomline Technologies by 1,114.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock valued at $2,164,000 after acquiring an additional 492,033 shares during the last quarter. Norges Bank bought a new stake in Bottomline Technologies in the fourth quarter valued at approximately $22,886,000. TimesSquare Capital Management LLC boosted its holdings in Bottomline Technologies by 57.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after acquiring an additional 412,855 shares during the last quarter. Daruma Capital Management LLC bought a new stake in Bottomline Technologies in the first quarter valued at approximately $18,795,000. Finally, Voya Investment Management LLC boosted its holdings in Bottomline Technologies by 1,066.6% in the first quarter. Voya Investment Management LLC now owns 370,502 shares of the technology company’s stock valued at $18,559,000 after acquiring an additional 338,743 shares during the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

NASDAQ EPAY traded up $0.81 during trading on Friday, hitting $45.17. 66,631 shares of the company’s stock were exchanged, compared to its average volume of 328,683. The company has a current ratio of 1.57, a quick ratio of 1.89 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 59.43 and a beta of 0.92. Bottomline Technologies has a fifty-two week low of $39.78 and a fifty-two week high of $74.05.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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