Bottomline Technologies (NASDAQ:EPAY) Director Joseph L. Mullen sold 3,000 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $49.76, for a total transaction of $149,280.00. Following the completion of the transaction, the director now owns 74,855 shares in the company, valued at $3,724,784.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Bottomline Technologies opened at $48.98 on Thursday, Marketbeat reports. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 139.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.67 and a current ratio of 1.67. Bottomline Technologies has a 12-month low of $24.60 and a 12-month high of $50.32.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $101.14 million for the quarter, compared to the consensus estimate of $96.99 million. Bottomline Technologies had a negative net margin of 2.05% and a positive return on equity of 7.86%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. analysts predict that Bottomline Technologies will post 0.58 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EPAY. Millennium Management LLC lifted its holdings in shares of Bottomline Technologies by 169.0% in the fourth quarter. Millennium Management LLC now owns 894,947 shares of the technology company’s stock worth $31,037,000 after acquiring an additional 562,273 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Bottomline Technologies in the first quarter worth about $12,409,000. Oak Ridge Investments LLC bought a new position in shares of Bottomline Technologies in the first quarter worth about $10,230,000. Russell Investments Group Ltd. lifted its holdings in shares of Bottomline Technologies by 873.6% in the first quarter. Russell Investments Group Ltd. now owns 219,966 shares of the technology company’s stock worth $8,524,000 after acquiring an additional 197,373 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Bottomline Technologies by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 758,542 shares of the technology company’s stock worth $26,306,000 after acquiring an additional 183,700 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.
About Bottomline Technologies
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.
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