Zacks: Analysts Expect Bottomline Technologies (NASDAQ:EPAY) Will Post Quarterly Sales of $108.92 Million

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Equities research analysts forecast that Bottomline Technologies (NASDAQ:EPAY) will announce $108.92 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Bottomline Technologies’ earnings. The lowest sales estimate is $108.00 million and the highest is $109.55 million. Bottomline Technologies reported sales of $104.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The business is expected to report its next earnings results on Thursday, January 30th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $448.80 million for the current financial year, with estimates ranging from $446.99 million to $449.70 million. For the next financial year, analysts forecast that the company will report sales of $499.94 million, with estimates ranging from $492.61 million to $508.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Friday, November 8th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Bottomline Technologies had a net margin of 2.10% and a return on equity of 5.75%. The firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $105.98 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Bottomline Technologies’s revenue for the quarter was up 5.7% on a year-over-year basis.

EPAY has been the subject of several research reports. Barrington Research reiterated a “buy” rating and set a $57.50 price objective on shares of Bottomline Technologies in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, November 14th. Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, August 9th. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, William Blair lowered shares of Bottomline Technologies from a “market perform” rating to an “underperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $52.58.

In other Bottomline Technologies news, insider John Francis Kelly sold 3,010 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $40.90, for a total transaction of $123,109.00. Following the completion of the transaction, the insider now owns 65,340 shares in the company, valued at $2,672,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Norman J. Deluca sold 3,859 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $40.71, for a total transaction of $157,099.89. Following the transaction, the insider now owns 80,638 shares of the company’s stock, valued at approximately $3,282,772.98. The disclosure for this sale can be found here. Insiders have sold 25,814 shares of company stock valued at $1,055,564 in the last quarter. 2.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its stake in shares of Bottomline Technologies by 42.8% in the second quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock valued at $39,000 after acquiring an additional 237 shares during the period. Marshall Wace LLP purchased a new stake in shares of Bottomline Technologies in the first quarter valued at $45,000. AdvisorNet Financial Inc raised its stake in shares of Bottomline Technologies by 65.0% in the third quarter. AdvisorNet Financial Inc now owns 1,650 shares of the technology company’s stock valued at $65,000 after acquiring an additional 650 shares during the period. Advisor Group Inc. raised its stake in shares of Bottomline Technologies by 17.4% in the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock valued at $82,000 after acquiring an additional 271 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Bottomline Technologies by 648.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,574 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,230 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

Shares of NASDAQ:EPAY traded up $1.35 during midday trading on Friday, reaching $48.59. 327,200 shares of the company were exchanged, compared to its average volume of 281,612. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $41.50 and its two-hundred day moving average is $42.78. Bottomline Technologies has a one year low of $37.04 and a one year high of $57.35. The stock has a market cap of $2.10 billion, a PE ratio of 50.09 and a beta of 1.00.

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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