Wall Street analysts forecast that Bottomline Technologies (NASDAQ:EPAY) will post $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bottomline Technologies’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. Bottomline Technologies reported earnings of $0.35 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Bottomline Technologies will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.41. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.46 per share, with EPS estimates ranging from $1.39 to $1.63. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Bottomline Technologies.

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 Zacks’ consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The business had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of equities research analysts have recently commented on EPAY shares. Raymond James cut their price target on shares of Bottomline Technologies from $77.00 to $65.00 in a report on Monday, February 4th. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. DA Davidson boosted their price objective on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a research report on Friday, February 1st. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Monday, February 4th. Finally, Craig Hallum lowered their price objective on shares of Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.61.

Shares of NASDAQ:EPAY traded up $0.16 during trading on Wednesday, reaching $44.81. 95,800 shares of the stock traded hands, compared to its average volume of 334,348. Bottomline Technologies has a 52-week low of $39.78 and a 52-week high of $74.05. The company has a quick ratio of 1.89, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 58.96 and a beta of 0.92.

In other Bottomline Technologies news, CFO Richard Douglas Booth sold 6,014 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $48.34, for a total transaction of $290,716.76. Following the transaction, the chief financial officer now owns 99,324 shares in the company, valued at approximately $4,801,322.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Francis Kelly sold 2,942 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $47.20, for a total transaction of $138,862.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,203 shares of company stock valued at $880,167. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of EPAY. PNC Financial Services Group Inc. boosted its position in shares of Bottomline Technologies by 14.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,552 shares of the technology company’s stock worth $314,000 after purchasing an additional 837 shares in the last quarter. California Public Employees Retirement System grew its holdings in Bottomline Technologies by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 94,564 shares of the technology company’s stock valued at $4,539,000 after buying an additional 4,877 shares during the last quarter. Teachers Advisors LLC grew its holdings in Bottomline Technologies by 2.9% in the 3rd quarter. Teachers Advisors LLC now owns 77,736 shares of the technology company’s stock valued at $5,652,000 after buying an additional 2,219 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Bottomline Technologies by 48.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 186,225 shares of the technology company’s stock valued at $8,939,000 after buying an additional 60,400 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Bottomline Technologies in the 4th quarter valued at approximately $91,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

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.

Read More: Why is the conference call important?

Get a free copy of the Zacks research report on Bottomline Technologies (EPAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.