Bottomline Technologies (NASDAQ:EPAY) insider John Francis Kelly sold 2,904 shares of Bottomline Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $50.07, for a total value of $145,403.28. Following the sale, the insider now directly owns 52,340 shares of the company's stock, valued at $2,620,663.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
John Francis Kelly also recently made the following trade(s):
- On Tuesday, April 14th, John Francis Kelly sold 212 shares of Bottomline Technologies stock. The shares were sold at an average price of $38.34, for a total value of $8,128.08.
NASDAQ:EPAY traded down $1.01 during mid-day trading on Friday, hitting $48.25. 60,781 shares of the company's stock traded hands, compared to its average volume of 374,495. The company has a fifty day moving average of $39.41 and a 200 day moving average of $45.48. Bottomline Technologies has a twelve month low of $27.82 and a twelve month high of $57.22. The company has a market capitalization of $2.22 billion, a P/E ratio of -820.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.03 and a current ratio of 2.03.
Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by ($0.06). The business had revenue of $111.70 million for the quarter, compared to analyst estimates of $113.06 million. Bottomline Technologies had a negative net margin of 0.61% and a positive return on equity of 4.17%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, research analysts expect that Bottomline Technologies will post 0.5 earnings per share for the current fiscal year.
Several research analysts have recently commented on EPAY shares. TheStreet lowered Bottomline Technologies from a "b-" rating to a "c+" rating in a research report on Thursday, February 27th. DA Davidson lowered Bottomline Technologies from a "buy" rating to a "neutral" rating and set a $40.00 price target for the company. in a research report on Monday, May 4th. Citigroup boosted their price target on Bottomline Technologies from $46.00 to $49.00 and gave the stock a "buy" rating in a research report on Tuesday. Barrington Research reissued a "buy" rating and issued a $57.50 price target on shares of Bottomline Technologies in a research report on Monday, May 4th. Finally, Needham & Company LLC boosted their price target on Bottomline Technologies from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of "Hold" and an average target price of $48.21.
Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its stake in Bottomline Technologies by 500.0% during the 4th quarter. Advisors Asset Management Inc. now owns 486 shares of the technology company's stock valued at $26,000 after purchasing an additional 405 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in Bottomline Technologies by 382.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 545 shares of the technology company's stock valued at $29,000 after purchasing an additional 432 shares during the last quarter. Strs Ohio purchased a new stake in Bottomline Technologies during the 4th quarter valued at about $48,000. Marshall Wace LLP purchased a new stake in Bottomline Technologies during the 1st quarter valued at about $45,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Bottomline Technologies during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 90.97% 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.
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20 Stocks Analysts Can't Stop Upgrading
As you know, a single upgrade from a broker probably won't be a major game changer for any single stock. But, what if there was a stock that had been upgraded by more than 10 different brokers during the last 90 days?
If ten different brokers have all upgraded a stock within the last few months and the price hasn't skyrocketed (at least, not yet), you would want to take a pretty hard look at it.
It turns out that there are actually 20 different companies that have been upgraded or had their price target increased at least ten times during the last ninety days by more than 10 different brokers. This slideshow lists those companies.
View the "20 Stocks Analysts Can't Stop Upgrading".