Bottomline Technologies (NASDAQ:EPAY) Shares Acquired by Simplex Trading LLC

Simplex Trading LLC grew its holdings in Bottomline Technologies (NASDAQ:EPAY) by 139.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,706 shares of the technology company’s stock after buying an additional 6,813 shares during the period. Simplex Trading LLC’s holdings in Bottomline Technologies were worth $517,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EPAY. KAMES CAPITAL plc acquired a new position in shares of Bottomline Technologies in the 2nd quarter valued at $25,246,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Bottomline Technologies by 1,114.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 536,193 shares of the technology company’s stock worth $2,164,000 after acquiring an additional 492,033 shares in the last quarter. Norges Bank acquired a new position in Bottomline Technologies during the 4th quarter worth about $22,886,000. TimesSquare Capital Management LLC lifted its stake in Bottomline Technologies by 57.0% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock worth $56,936,000 after acquiring an additional 412,855 shares in the last quarter. Finally, Pembroke Management LTD acquired a new position in Bottomline Technologies during the 2nd quarter worth about $6,634,000. 91.46% of the stock is currently owned by institutional investors and hedge funds.

EPAY traded up $0.96 during mid-day trading on Wednesday, hitting $42.15. 12,177 shares of the stock were exchanged, compared to its average volume of 219,812. The firm’s fifty day moving average price is $43.48. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a 1-year low of $39.49 and a 1-year high of $74.05. The company has a market cap of $1.82 billion, a P/E ratio of 55.36 and a beta of 0.96.

In other Bottomline Technologies news, Director Jennifer M. Gray sold 2,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $44.97, for a total transaction of $89,940.00. Following the sale, the director now owns 6,000 shares in the company, valued at approximately $269,820. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard Douglas Booth sold 5,604 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $43.56, for a total value of $244,110.24. Following the sale, the chief financial officer now owns 91,319 shares in the company, valued at approximately $3,977,855.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,314 shares of company stock worth $2,234,271. 2.40% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $57.00 target price (down previously from $66.00) on shares of Bottomline Technologies in a research note on Friday, May 3rd. TheStreet lowered Bottomline Technologies from a “b-” rating to a “c+” rating in a research note on Friday, May 3rd. Raymond James lowered Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $65.00 to $55.00 in a research note on Friday, May 3rd. BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.61.

About Bottomline Technologies

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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