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

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Wall Street analysts predict that Bottomline Technologies (NASDAQ:EPAY) will post $108.92 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $108.00 million to $109.55 million. Bottomline Technologies posted sales of $104.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 30th.

On average, analysts expect that Bottomline Technologies will report full-year sales of $448.80 million for the current year, with estimates ranging from $446.99 million to $449.70 million. For the next fiscal year, analysts expect that the business will report sales of $499.94 million, with estimates ranging from $492.61 million to $508.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Friday, November 8th. The technology company reported $0.30 EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $105.98 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday. William Blair downgraded shares of Bottomline Technologies from a “market perform” rating to an “underperform” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Bottomline Technologies in a research note on Friday, November 8th. DA Davidson increased their target price on shares of Bottomline Technologies to $42.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bottomline Technologies currently has a consensus rating of “Buy” and a consensus target price of $52.58.

In other Bottomline Technologies news, Director Nigel K. Savory sold 4,498 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $49.55, for a total transaction of $222,875.90. Following the completion of the sale, the director now directly owns 167,359 shares of the company’s stock, valued at $8,292,638.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Norman J. Deluca sold 3,859 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $40.71, for a total transaction of $157,099.89. Following the sale, the insider now directly owns 80,638 shares of the company’s stock, valued at $3,282,772.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,395 shares of company stock worth $868,410. 2.60% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Bottomline Technologies by 2.8% in the 2nd quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock valued at $263,918,000 after purchasing an additional 162,367 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bottomline Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,472,413 shares of the technology company’s stock valued at $197,860,000 after purchasing an additional 35,714 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Bottomline Technologies by 3.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,975,952 shares of the technology company’s stock valued at $87,416,000 after purchasing an additional 62,516 shares during the last quarter. North Star Asset Management Inc. raised its position in Bottomline Technologies by 0.9% during the 3rd quarter. North Star Asset Management Inc. now owns 759,087 shares of the technology company’s stock worth $29,870,000 after buying an additional 6,716 shares during the last quarter. Finally, KAMES CAPITAL plc raised its position in Bottomline Technologies by 8.1% during the 3rd quarter. KAMES CAPITAL plc now owns 616,548 shares of the technology company’s stock worth $24,261,000 after buying an additional 46,150 shares during the last quarter. 87.97% of the stock is owned by institutional investors and hedge funds.

Shares of EPAY traded up $1.98 during midday trading on Monday, hitting $52.21. The stock had a trading volume of 537,185 shares, compared to its average volume of 250,102. Bottomline Technologies has a 1 year low of $37.04 and a 1 year high of $52.31. The firm has a market cap of $2.16 billion, a PE ratio of 94.44 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50 day moving average is $46.01 and its 200 day moving average is $43.19.

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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