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.
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.
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