Bottomline Technologies (NASDAQ:EPAY) Sets New 1-Year Low at $39.49

Shares of Bottomline Technologies (NASDAQ:EPAY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $39.49 and last traded at $40.69, with a volume of 41752 shares trading hands. The stock had previously closed at $41.28.

EPAY has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $57.00 price objective (down from $66.00) on shares of Bottomline Technologies in a report on Friday, May 3rd. TheStreet lowered shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 8th. Finally, Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a report on Thursday, July 4th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.61.

The stock has a market cap of $1.80 billion, a P/E ratio of 53.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50 day moving average is $43.80.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.21. The company had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. Bottomline Technologies’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts predict that Bottomline Technologies will post 0.58 EPS for the current fiscal year.

In other Bottomline Technologies news, insider Robert A. Eberle sold 21,824 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $985,790.08. Following the completion of the sale, the insider now directly owns 375,202 shares in the company, valued at $16,947,874.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Douglas Booth sold 5,604 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $43.56, for a total transaction of $244,110.24. Following the completion of the sale, the chief financial officer now owns 91,319 shares of the company’s stock, valued at $3,977,855.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,314 shares of company stock valued at $2,234,271. 2.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EPAY. LS Investment Advisors LLC lifted its stake in shares of Bottomline Technologies by 5.5% during the first 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 during the period. First Hawaiian Bank lifted its stake in shares of Bottomline Technologies by 31.0% during the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after buying an additional 247 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Bottomline Technologies by 2.0% during the second quarter. State of Alaska Department of Revenue now owns 12,874 shares of the technology company’s stock worth $569,000 after buying an additional 247 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Bottomline Technologies by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,176 shares of the technology company’s stock worth $710,000 after buying an additional 256 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of Bottomline Technologies by 17.4% during the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock worth $82,000 after buying an additional 271 shares during the period. Institutional investors own 91.46% of the company’s stock.

About Bottomline Technologies (NASDAQ:EPAY)

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.

Featured Article: Trading Strategy Examples and Plans

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.