Equities analysts predict that Bottomline Technologies (NASDAQ:EPAY) will report sales of $105.61 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Bottomline Technologies’ earnings, with the lowest sales estimate coming in at $105.24 million and the highest estimate coming in at $105.80 million. Bottomline Technologies reported sales of $102.44 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Bottomline Technologies will report full year sales of $449.24 million for the current fiscal year, with estimates ranging from $444.42 million to $458.53 million. For the next financial year, analysts anticipate that the firm will report sales of $496.61 million, with estimates ranging from $489.58 million to $503.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.19. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.07%. The firm had revenue of $108.24 million during the quarter, compared to analyst estimates of $106.17 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.

Several research firms have recently weighed in on EPAY. DA Davidson set a $39.00 price objective on shares of Bottomline Technologies and gave the stock a “hold” rating in a report on Friday, August 9th. Raymond James raised their price objective on shares of Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 5th. TheStreet lowered shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. Finally, BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Bottomline Technologies has an average rating of “Buy” and a consensus target price of $60.79.

In other news, 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 completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at $269,820. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nigel K. Savory sold 12,252 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $43.13, for a total transaction of $528,428.76. Following the sale, the director now directly owns 177,375 shares of the company’s stock, valued at approximately $7,650,183.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,742 shares of company stock valued at $1,776,910. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Bottomline Technologies by 141.9% during the fourth quarter. Bank of America Corp DE now owns 103,595 shares of the technology company’s stock worth $4,972,000 after purchasing an additional 60,763 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bottomline Technologies by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 591,271 shares of the technology company’s stock worth $28,381,000 after purchasing an additional 53,076 shares in the last quarter. Norges Bank purchased a new stake in shares of Bottomline Technologies during the fourth quarter worth approximately $22,886,000. Geode Capital Management LLC increased its position in shares of Bottomline Technologies by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 434,938 shares of the technology company’s stock worth $20,876,000 after purchasing an additional 46,976 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Bottomline Technologies by 139.5% during the fourth quarter. Deutsche Bank AG now owns 193,377 shares of the technology company’s stock worth $9,281,000 after purchasing an additional 112,620 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

NASDAQ:EPAY traded down $2.09 during mid-day trading on Friday, hitting $41.84. The company’s stock had a trading volume of 171,233 shares, compared to its average volume of 316,025. 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 1.70, a quick ratio of 1.57 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 43.13 and a beta of 0.96. The stock has a fifty day moving average of $42.85 and a 200-day moving average of $45.89.

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: What is a growth and income fund?

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.