November 23, 2016 - By Richard Conner
Bottomline Technologies Inc Managing Director – Europe Nigel Savory on the November 23, 2016 unloaded a total of 15,429 shares of the public firm that are worth approx. $382,877 US Dollars. This is based on an average price-per-share of $24.8 US Dollars. Now, he holds a total of 148,578 shares or 0.39% of Bottomline Technologies Inc’s market cap (share price times the number of shares outstanding).
Out of 7 analysts covering Bottomline Technologies (NASDAQ:EPAY), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. $34 is the highest target while $25 is the lowest. The $28.25 average target is 13.59% above today’s ($24.87) stock price. Bottomline Technologies has been the topic of 10 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Tuesday, August 18, the company rating was upgraded by Zacks. As per Monday, August 10, the company rating was downgraded by Zacks. The firm earned “Market Perform” rating on Friday, April 29 by William Blair. The stock of Bottomline Technologies (NASDAQ:EPAY) has “Market Perform” rating given on Friday, April 29 by Raymond James. The firm has “Hold” rating given on Friday, August 26 by Canaccord Genuity. The stock of Bottomline Technologies (NASDAQ:EPAY) has “Buy” rating given on Friday, August 26 by Needham. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, September 30. The stock has “Overweight” rating given by First Analysis on Wednesday, June 29. The firm has “Hold” rating given on Friday, October 30 by Craig Hallum.
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.07, from 0.96 in 2016Q1. The ratio improved, as 25 funds sold all Bottomline Technologies shares owned while 47 reduced positions. 24 funds bought stakes while 45 increased positions. They now own 36.70 million shares or 11.20% less from 41.33 million shares in 2016Q1.
Signaturefd Ltd Com owns 300 shares or 0% of their US portfolio. Highbridge Cap Management Limited Liability Corporation has 0% invested in the company for 12,332 shares. Moreover, Invesco Limited has 0% invested in Bottomline Technologies (NASDAQ:EPAY) for 474,285 shares. Millennium Management Limited holds 0.01% or 179,786 shares in its portfolio. Price T Rowe Associates Md reported 4.16 million shares or 0.02% of all its holdings. Thrivent For Lutherans has 0% invested in the company for 18,320 shares. Kalmar Invs De holds 0.83% of its portfolio in Bottomline Technologies (NASDAQ:EPAY) for 875,493 shares. Moreover, Goldman Sachs Group Inc Inc has 0.01% invested in Bottomline Technologies (NASDAQ:EPAY) for 1.25 million shares. Bb&T Corporation reported 10,365 shares or 0% of all its holdings. Penbrook Management Limited Liability accumulated 54,720 shares or 1.3% of the stock. Mackenzie, a Ontario – Canada-based fund reported 1.01M shares. Teacher Retirement Sys Of Texas has 5,651 shares for 0% of their US portfolio. Stevens Management L P owns 22,340 shares or 0.02% of their US portfolio. Sentinel Asset Mngmt accumulated 0.25% or 497,415 shares. Amer Gru accumulated 0% or 29,520 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 11 insider sales for $1.30 million net activity. $55,875 worth of shares were sold by DELUCA NORMAN J on Friday, July 15. $804,865 worth of shares were sold by EBERLE ROBERT A on Monday, November 7. Kelly John Francis sold $44,649 worth of Bottomline Technologies (NASDAQ:EPAY) on Thursday, October 6.
The stock increased 0.04% or $0.01 during the last trading session, hitting $24.87. About 135,604 shares traded hands. Bottomline Technologies (NASDAQ:EPAY) has declined 18.36% since April 21, 2016 and is downtrending. It has underperformed by 23.69% the S&P500.
Bottomline Technologies , Inc. is engaged in providing a set of cloud business payment, digital banking, fraud prevention, payment and financial document solutions. The company has a market cap of $1000.00 million. The Firm helps businesses pay and get paid. It currently has negative earnings. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
According to Zacks Investment Research, “BOTTOMLINE TECH provides software that creates an e-business infrastructure for use by businesses and financial institutions to present invoices, make payments and conduct electronic banking. Their products and services enable organizations to transition from traditional paper-based billing and payment processes to electronic processes to facilitate e-commerce. They also provide technology for banks and companies to access banking applications over the Internet.”
Analysts await Bottomline Technologies (NASDAQ:EPAY) to report earnings on January, 26. They expect $0.06 EPS, down 64.71% or $0.11 from last year’s $0.17 per share. EPAY’s profit will be $2.41 million for 103.63 P/E if the $0.06 EPS becomes a reality. After $0.03 actual EPS reported by Bottomline Technologies for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
More notable recent Bottomline Technologies (NASDAQ:EPAY) news were published by: Fool.com which released: “Why Bottomline Technologies Stock Is Down Today” on April 29, 2016, also Fool.com with their article: “Why Shares of Bottomline Technologies Are Soaring Today” published on August 26, 2016, Fool.com published: “Why Autodesk, Fiesta Restaurant Group, and Bottomline Technologies Jumped Today” on August 26, 2016. More interesting news about Bottomline Technologies (NASDAQ:EPAY) were released by: Seekingalpha.com and their article: “Bottomline Technologies (EPAY) Q1 2017 Results – Earnings Call Transcript” published on November 03, 2016 as well as Globenewswire.com‘s news article titled: “UPDATE — Bottomline Technologies Research: Millennial Decision-Makers at ..” with publication date: September 29, 2016.
Bottomline Technologies (de), Inc., incorporated on August 12, 1997, is engaged in providing a set of cloud business payment, digital banking, fraud prevention, payment and financial document solutions. The Firm helps businesses pay and get paid. The Firm offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location. The Firm operates through four divisions: Payments and Transactional Documents, Hosted Solutions, Digital Banking and Other. The Company’s services and products are sold to clients operating in many different industries throughout the world, but principally in the United States, the United Kingdom and continental Europe regions.
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