November 23, 2016 - By Linda Rogers
The well-informed person Robert Eberle who is President and CEO of Bottomline Technologies Inc unloaded 13,223 shares of the stock exchange listed company worth near $327,535 U.S. Dollars at an average $24.8 of a share. Robert is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 35,992 shares worth $804,865 USD. Robert Eberle holds exactly 0.99% of Bottomline Technologies Inc’s total market cap or 374,719 shares.
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. Raymond James downgraded the stock to “Market Perform” rating in Friday, April 29 report. Craig Hallum downgraded the stock to “Hold” rating in Friday, October 30 report. The stock has “Buy” rating given by Needham on Friday, August 26. On Wednesday, June 29 the stock rating was initiated by First Analysis with “Overweight”. On Friday, April 29 the stock rating was downgraded by William Blair to “Market Perform”. Zacks upgraded the shares of EPAY in a report on Tuesday, August 18 to “Sell” rating. Zacks downgraded Bottomline Technologies (NASDAQ:EPAY) on Monday, August 10 to “Hold” rating. The stock has “Hold” rating given by Canaccord Genuity on Friday, August 26. The stock of Bottomline Technologies (NASDAQ:EPAY) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 30.
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio increased, 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.
Trexquant Invest Lp accumulated 0.07% or 24,700 shares. The New York-based Citigroup has invested 0% in Bottomline Technologies (NASDAQ:EPAY). Wellington Mgmt Gru Llp accumulated 712,860 shares or 0% of the stock. Nationwide Fund, a Pennsylvania-based fund reported 211,544 shares. Pnc Fincl Services Grp has 227 shares for 0% of their US portfolio. Swiss National Bank accumulated 66,500 shares or 0% of the stock. First Trust Advsr Limited Partnership has 35,632 shares for 0% of their US portfolio. Teton Advisors holds 0.03% of its portfolio in Bottomline Technologies (NASDAQ:EPAY) for 16,300 shares. Franklin Res holds 0.03% or 2.35 million shares in its portfolio. Eagle Boston Inv Mgmt reported 429,558 shares or 1.26% of all its holdings. Espalier Mgmt Limited Liability Company reported 59,024 shares or 1.4% of all its holdings. Sei Invs Company has 0% invested in the company for 10,035 shares. Principal Finance Grp Inc last reported 0.01% of its portfolio in the stock. Moreover, Fifth Third Fincl Bank has 0% invested in Bottomline Technologies (NASDAQ:EPAY) for 320 shares. Pinebridge L P has invested 0.01% of its portfolio in Bottomline Technologies (NASDAQ:EPAY).
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 11 selling transactions for $1.30 million net activity. $804,865 worth of Bottomline Technologies (NASDAQ:EPAY) was sold by EBERLE ROBERT A. On Friday, July 8 the insider Kelly John Francis sold $64,372. DELUCA NORMAN J sold $55,250 worth of stock or 2,500 shares.
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 $2.41M 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 important 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 published article titled: “Why Shares of Bottomline Technologies Are Soaring Today”, 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) was released by: Seekingalpha.com and their article: “Bottomline Technologies (EPAY) Q1 2017 Results – Earnings Call Transcript” with publication date: November 03, 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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By Linda Rogers