Bottomline Technologies (NASDAQ:EPAY) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC grew its holdings in shares of Bottomline Technologies (NASDAQ:EPAY) by 24,014.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,064 shares of the technology company’s stock after acquiring an additional 5,043 shares during the period. Advisory Services Network LLC’s holdings in Bottomline Technologies were worth $368,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Zions Bancorporation bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $396,000. Meeder Asset Management Inc. acquired a new position in Bottomline Technologies in the third quarter worth approximately $509,000. Wells Fargo & Company MN grew its position in Bottomline Technologies by 10.2% in the third quarter. Wells Fargo & Company MN now owns 502,473 shares of the technology company’s stock worth $36,534,000 after buying an additional 46,699 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Bottomline Technologies in the third quarter worth approximately $603,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Bottomline Technologies by 303.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 328,112 shares of the technology company’s stock worth $23,857,000 after buying an additional 246,800 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.

In related news, insider Norman J. Deluca sold 7,491 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $64.66, for a total value of $484,368.06. Following the sale, the insider now owns 86,050 shares of the company’s stock, valued at $5,563,993. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nigel K. Savory sold 5,926 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $67.14, for a total transaction of $397,871.64. Following the completion of the sale, the insider now directly owns 135,140 shares in the company, valued at approximately $9,073,299.60. The disclosure for this sale can be found here. In the last three months, insiders sold 21,617 shares of company stock worth $1,420,795. 2.40% of the stock is currently owned by insiders.

Several research firms have issued reports on EPAY. Zacks Investment Research lowered shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a research report on Wednesday, November 14th. TheStreet cut shares of Bottomline Technologies from a “b” rating to a “c” rating in a research report on Friday, November 9th. BidaskClub cut shares of Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, First Analysis upgraded shares of Bottomline Technologies from an “outperform” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $64.25.

Shares of NASDAQ:EPAY traded down $1.07 on Monday, hitting $54.00. 355,313 shares of the company were exchanged, compared to its average volume of 390,638. Bottomline Technologies has a one year low of $32.85 and a one year high of $74.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 71.05, a PEG ratio of 7.31 and a beta of 0.90.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $102.44 million for the quarter, compared to the consensus estimate of $99.90 million. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities analysts predict that Bottomline Technologies will post 0.63 EPS for the current year.

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Bottomline Technologies 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.

Further Reading: SEC Filing

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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