John Francis Kelly Sells 5,893 Shares of Bottomline Technologies (NASDAQ:EPAY) Stock

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Bottomline Technologies (NASDAQ:EPAY) insider John Francis Kelly sold 5,893 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $45.10, for a total transaction of $265,774.30. Following the transaction, the insider now owns 54,814 shares of the company’s stock, valued at $2,472,111.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

EPAY stock opened at $46.12 on Friday. The stock has a market cap of $1.97 billion, a PE ratio of 60.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 1.57. Bottomline Technologies has a 52 week low of $39.78 and a 52 week high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.21. The business had revenue of $106.44 million during the quarter, compared to analysts’ expectations of $104.46 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, equities analysts anticipate that Bottomline Technologies will post 0.58 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in EPAY. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Bottomline Technologies by 1,114.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 492,033 shares in the last quarter. Norges Bank purchased a new stake in shares of Bottomline Technologies during the fourth quarter worth about $22,886,000. TimesSquare Capital Management LLC increased its stake in shares of Bottomline Technologies by 57.0% during the first quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock worth $56,936,000 after purchasing an additional 412,855 shares in the last quarter. Daruma Capital Management LLC purchased a new stake in shares of Bottomline Technologies during the first quarter worth about $18,795,000. Finally, Voya Investment Management LLC increased its stake in shares of Bottomline Technologies by 1,066.6% during the first quarter. Voya Investment Management LLC now owns 370,502 shares of the technology company’s stock worth $18,559,000 after purchasing an additional 338,743 shares in the last quarter. 90.10% of the stock is owned by institutional investors and hedge funds.

EPAY has been the subject of a number of analyst reports. TheStreet downgraded shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. BidaskClub downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price objective (down previously from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, Raymond James downgraded shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $62.61.

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

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