Bottomline Technologies (NASDAQ:EPAY) Downgraded to C at TheStreet

Bottomline Technologies (NASDAQ:EPAY) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a research report issued on Friday, November 9th.

EPAY has been the topic of a number of other reports. DA Davidson initiated coverage on shares of Bottomline Technologies in a research report on Tuesday, September 11th. They set a “neutral” rating and a $58.00 price target on the stock. Craig Hallum cut shares of Bottomline Technologies from a “buy” rating to a “hold” 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. Citigroup set a $75.00 price objective on shares of Bottomline Technologies and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, First Analysis raised 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $64.25.

Shares of NASDAQ EPAY opened at $51.00 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 67.11, a PEG ratio of 7.17 and a beta of 0.89. Bottomline Technologies has a twelve month low of $33.00 and a twelve month high of $74.05. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $102.44 million for the quarter, compared to analysts’ expectations of $99.90 million. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities analysts anticipate that Bottomline Technologies will post 0.63 earnings per share for the current fiscal year.

In other Bottomline Technologies news, insider Nigel K. Savory sold 5,926 shares of Bottomline Technologies stock in a transaction on Monday, September 10th. The shares were sold at an average price of $67.14, for a total value of $397,871.64. Following the sale, the insider now directly owns 135,140 shares in the company, valued at approximately $9,073,299.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin E. Robinson III sold 2,500 shares of Bottomline Technologies stock in a transaction on Friday, September 7th. The shares were sold at an average price of $65.74, for a total transaction of $164,350.00. Following the completion of the sale, the director now owns 10,500 shares in the company, valued at $690,270. The disclosure for this sale can be found here. Insiders sold a total of 15,917 shares of company stock worth $1,046,590 over the last quarter. Company insiders own 2.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Bottomline Technologies by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,081,808 shares of the technology company’s stock worth $296,788,000 after purchasing an additional 233,817 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Bottomline Technologies by 10.9% during the 3rd quarter. Legal & General Group Plc now owns 87,395 shares of the technology company’s stock worth $6,308,000 after purchasing an additional 8,605 shares during the last quarter. Sawgrass Asset Management LLC increased its stake in shares of Bottomline Technologies by 8.7% during the 3rd quarter. Sawgrass Asset Management LLC now owns 12,635 shares of the technology company’s stock worth $919,000 after purchasing an additional 1,015 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Bottomline Technologies by 2.9% during the 3rd quarter. Teachers Advisors LLC now owns 77,736 shares of the technology company’s stock worth $5,652,000 after purchasing an additional 2,219 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Bottomline Technologies by 150.8% during the 3rd quarter. AQR Capital Management LLC now owns 32,806 shares of the technology company’s stock worth $2,385,000 after purchasing an additional 19,724 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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