Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Bottomline Technologies (NASDAQ:EPAY)

Robeco Institutional Asset Management B.V. reduced its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,000 shares of the technology company’s stock after selling 137,067 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.41% of Bottomline Technologies worth $7,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAY. BlackRock Inc. boosted its holdings in Bottomline Technologies by 1.6% in the first quarter. BlackRock Inc. now owns 5,803,198 shares of the technology company’s stock valued at $290,682,000 after purchasing an additional 91,051 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in Bottomline Technologies by 2.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,913,436 shares of the technology company’s stock valued at $95,844,000 after purchasing an additional 45,679 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Bottomline Technologies by 57.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after purchasing an additional 412,855 shares during the period. Janus Henderson Group PLC boosted its holdings in Bottomline Technologies by 0.7% in the first quarter. Janus Henderson Group PLC now owns 839,382 shares of the technology company’s stock valued at $42,045,000 after purchasing an additional 5,746 shares during the period. Finally, North Star Asset Management Inc. boosted its holdings in Bottomline Technologies by 3.3% in the first quarter. North Star Asset Management Inc. now owns 740,228 shares of the technology company’s stock valued at $37,079,000 after purchasing an additional 23,605 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

In other Bottomline Technologies news, insider Robert A. Eberle sold 21,824 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $45.17, for a total value of $985,790.08. Following the sale, the insider now directly owns 375,202 shares in the company, valued at $16,947,874.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel K. Savory sold 5,068 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $43.35, for a total value of $219,697.80. Following the completion of the sale, the insider now owns 156,832 shares in the company, valued at $6,798,667.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,314 shares of company stock worth $2,234,271. 2.40% of the stock is owned by insiders.

Bottomline Technologies stock traded up $0.27 during midday trading on Tuesday, reaching $41.40. The company’s stock had a trading volume of 55,749 shares, compared to its average volume of 219,812. Bottomline Technologies has a fifty-two week low of $39.49 and a fifty-two week high of $74.05. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.84 billion, a P/E ratio of 54.47 and a beta of 0.96. The stock’s 50-day moving average is $43.55.

A number of research analysts recently issued reports on EPAY shares. Raymond James lowered Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $65.00 to $55.00 in a report on Friday, May 3rd. TheStreet lowered Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. ValuEngine upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a report on Thursday, July 4th. Finally, Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $62.61.

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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