Bottomline Technologies (NASDAQ:EPAY) Position Reduced by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 25.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,750 shares of the technology company’s stock after selling 25,615 shares during the quarter. Moody Aldrich Partners LLC owned 0.17% of Bottomline Technologies worth $3,263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Tortoise Index Solutions LLC purchased a new stake in shares of Bottomline Technologies in the first quarter worth approximately $31,000. Marshall Wace LLP purchased a new stake in shares of Bottomline Technologies in the first quarter worth approximately $45,000. First Hawaiian Bank lifted its position in shares of Bottomline Technologies by 31.0% in the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after purchasing an additional 247 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Bottomline Technologies by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after purchasing an additional 205 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Bottomline Technologies by 10.6% in the first quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock worth $230,000 after purchasing an additional 439 shares in the last quarter. 91.46% of the stock is owned by institutional investors.

In related news, 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 transaction, the chief financial officer now owns 91,319 shares of the company’s stock, valued at $3,977,855.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $44.97, for a total transaction of $89,940.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $269,820. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,314 shares of company stock worth $2,234,271. Insiders own 2.40% of the company’s stock.

Shares of EPAY opened at $41.19 on Wednesday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 54.20 and a beta of 0.96. The company’s 50 day simple moving average is $43.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. Bottomline Technologies has a twelve month low of $39.49 and a twelve month high of $74.05.

EPAY has been the subject of a number of research analyst reports. ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Raymond James lowered shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. TheStreet lowered shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Thursday, July 4th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $62.61.

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.

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

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