Bottomline Technologies (NASDAQ:EPAY)‘s stock had its “buy” rating reissued by research analysts at Craig Hallum in a research note issued to investors on Friday, The Fly reports. They presently have a $63.00 price objective on the technology company’s stock. Craig Hallum’s price objective indicates a potential upside of 6.71% from the stock’s previous close.

A number of other equities research analysts have also issued reports on EPAY. Needham & Company LLC boosted their price target on shares of Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a report on Friday. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup reaffirmed a “positive” rating and set a $58.00 price objective on shares of Bottomline Technologies in a research report on Monday, July 2nd. Barrington Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Bottomline Technologies in a research report on Tuesday, May 1st. Finally, ValuEngine raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Two equities research 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.00.

Shares of EPAY stock traded up $2.60 during trading hours on Friday, reaching $59.04. 1,225,201 shares of the stock traded hands, compared to its average volume of 364,911. Bottomline Technologies has a 1-year low of $28.20 and a 1-year high of $60.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $2.30 billion, a P/E ratio of 74.26 and a beta of 0.94.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, August 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.55%. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $101.05 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts predict that Bottomline Technologies will post 0.68 EPS for the current fiscal year.

In related news, CEO Robert A. Eberle sold 19,591 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $46.55, for a total transaction of $911,961.05. Following the transaction, the chief executive officer now directly owns 381,819 shares of the company’s stock, valued at $17,773,674.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $55.58, for a total transaction of $416,850.00. Following the transaction, the insider now directly owns 97,767 shares in the company, valued at $5,433,889.86. The disclosure for this sale can be found here. Insiders have sold 49,646 shares of company stock worth $2,445,861 over the last ninety days. 2.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Bottomline Technologies during the first quarter valued at approximately $103,000. Mount Yale Investment Advisors LLC bought a new stake in Bottomline Technologies in the first quarter worth approximately $137,000. Janney Montgomery Scott LLC bought a new stake in Bottomline Technologies in the second quarter worth approximately $202,000. Bayesian Capital Management LP bought a new stake in Bottomline Technologies in the first quarter worth approximately $208,000. Finally, Engineers Gate Manager LP bought a new stake in Bottomline Technologies in the first quarter worth approximately $214,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

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The Fly

Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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