5,320 Shares in Bottomline Technologies (EPAY) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in shares of Bottomline Technologies (NASDAQ:EPAY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,320 shares of the technology company’s stock, valued at approximately $266,000.

Several other institutional investors have also bought and sold shares of the company. LS Investment Advisors LLC raised its holdings in shares of Bottomline Technologies by 5.5% during the 1st quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after buying an additional 205 shares in the last quarter. State of Alaska Department of Revenue grew its position in Bottomline Technologies by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 12,227 shares of the technology company’s stock worth $586,000 after acquiring an additional 245 shares during the last quarter. First Hawaiian Bank grew its position in Bottomline Technologies by 31.0% during the 1st quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after acquiring an additional 247 shares during the last quarter. Nicolet Bankshares Inc. grew its position in Bottomline Technologies by 1.6% during the 4th quarter. Nicolet Bankshares Inc. now owns 16,125 shares of the technology company’s stock worth $774,000 after acquiring an additional 250 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Bottomline Technologies by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the technology company’s stock worth $701,000 after acquiring an additional 278 shares during the last quarter. 89.28% of the stock is owned by institutional investors.

In other Bottomline Technologies news, CFO Richard Douglas Booth sold 6,014 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $48.34, for a total value of $290,716.76. Following the sale, the chief financial officer now owns 99,324 shares in the company, valued at approximately $4,801,322.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Norman J. Deluca sold 3,352 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $47.81, for a total value of $160,259.12. Following the completion of the sale, the insider now owns 76,990 shares in the company, valued at approximately $3,680,891.90. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $741,305 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Barrington Research restated a “buy” rating and set a $62.50 price objective on shares of Bottomline Technologies in a research report on Monday, April 29th. Raymond James lowered Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research lowered Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $62.61.

NASDAQ EPAY opened at $43.66 on Monday. Bottomline Technologies has a 12 month low of $39.78 and a 12 month high of $74.05. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 57.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.89 and a current ratio of 1.57.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. The firm had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that Bottomline Technologies will post 0.58 EPS for the current year.

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

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