Bottomline Technologies (EPAY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Bottomline Technologies (NASDAQ:EPAY) posted its earnings results on Thursday. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05, Bloomberg Earnings reports. Bottomline Technologies had a positive return on equity of 7.86% and a negative net margin of 2.05%. The firm had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $101.05 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year.

Shares of Bottomline Technologies traded up $2.60, hitting $59.04, during mid-day trading on Friday, according to Marketbeat Ratings. 1,225,201 shares of the stock traded hands, compared to its average volume of 367,775. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. Bottomline Technologies has a 52 week low of $28.20 and a 52 week high of $60.90. The firm has a market capitalization of $2.32 billion, a PE ratio of 77.68 and a beta of 0.94.

In related news, Director Ken D’amato sold 2,000 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $48.96, for a total transaction of $97,920.00. Following the sale, the director now directly owns 17,000 shares in the company, valued at $832,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Eberle sold 19,591 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $46.55, for a total value of $911,961.05. Following the sale, the chief executive officer now owns 381,819 shares in the company, valued at $17,773,674.45. The disclosure for this sale can be found here. Insiders have sold 49,646 shares of company stock worth $2,445,861 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a research note on Friday. Craig Hallum reissued a “buy” rating and set a $63.00 target price on shares of Bottomline Technologies in a research note on Friday. BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. Royal Bank of Canada boosted their target price on Bottomline Technologies from $42.00 to $57.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Citigroup boosted their target price on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.00.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

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Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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