Insider Selling: Bottomline Technologies (NASDAQ:EPAY) Insider Sells 9,925 Shares of Stock

Share on StockTwits

Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 9,925 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.22, for a total transaction of $428,958.50. Following the sale, the insider now directly owns 57,638 shares of the company’s stock, valued at $2,491,114.36. The sale was disclosed in a document filed with the SEC, which is available through this link.

EPAY stock opened at $42.00 on Friday. The firm has a fifty day simple moving average of $44.11. Bottomline Technologies has a fifty-two week low of $39.78 and a fifty-two week high of $74.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 55.26 and a beta of 0.98.

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

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Bottomline Technologies by 1.6% in the first quarter. BlackRock Inc. now owns 5,803,198 shares of the technology company’s stock valued at $290,682,000 after purchasing an additional 91,051 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Bottomline Technologies by 2.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,913,436 shares of the technology company’s stock valued at $95,844,000 after purchasing an additional 45,679 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of 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 purchasing an additional 412,855 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Bottomline Technologies by 0.7% in the first quarter. Janus Henderson Group PLC now owns 839,382 shares of the technology company’s stock valued at $42,045,000 after purchasing an additional 5,746 shares in the last quarter. Finally, North Star Asset Management Inc. grew its holdings in shares of Bottomline Technologies by 3.3% in the first quarter. North Star Asset Management Inc. now owns 740,228 shares of the technology company’s stock valued at $37,079,000 after purchasing an additional 23,605 shares in the last quarter. 91.34% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on EPAY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective (up from $140.00) on shares of Universal Display in a report on Friday, May 3rd. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a report on Thursday, July 4th. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Finally, Raymond James set a $60.00 price objective on shares of Banner and gave the company a “buy” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $62.61.

About Bottomline Technologies

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.

Featured Story: The Structure of a Futures Contract

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

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wedbush Securities Inc. Sells 160 Shares of Innospec Inc.
Wedbush Securities Inc. Sells 160 Shares of Innospec Inc.
Wedbush Securities Inc. Has $293,000 Position in China Mobile Ltd.
Wedbush Securities Inc. Has $293,000 Position in China Mobile Ltd.
Wedbush Securities Inc. Sells 1,062 Shares of Cedar Fair, L.P.
Wedbush Securities Inc. Sells 1,062 Shares of Cedar Fair, L.P.
Wedbush Securities Inc. Buys New Stake in Aquestive Therapeutics Inc
Wedbush Securities Inc. Buys New Stake in Aquestive Therapeutics Inc
7,019 Shares in D. R. Horton Inc  Bought by Wedbush Securities Inc.
7,019 Shares in D. R. Horton Inc Bought by Wedbush Securities Inc.
Wedbush Securities Inc. Has $294,000 Holdings in Office Properties Income Trust
Wedbush Securities Inc. Has $294,000 Holdings in Office Properties Income Trust


© 2006-2019 Ticker Report