Bottomline Technologies (EPAY) Director Sells $149,280.00 in Stock

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.

Several research firms recently commented on EPAY. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 9th. Barrington Research restated a “buy” rating and issued a $40.00 price target on shares of Bottomline Technologies in a research note on Tuesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of Bottomline Technologies in a research note on Friday, May 4th. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, May 10th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Bottomline Technologies currently has a consensus rating of “Buy” and an average price target of $39.86.

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.

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

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