2,142 Shares in Bottomline Technologies (EPAY) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in Bottomline Technologies (NASDAQ:EPAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,142 shares of the technology company’s stock, valued at approximately $156,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. United Services Automobile Association boosted its stake in Bottomline Technologies by 11.7% during the 2nd quarter. United Services Automobile Association now owns 6,783 shares of the technology company’s stock worth $338,000 after acquiring an additional 713 shares during the last quarter. SG Americas Securities LLC boosted its stake in Bottomline Technologies by 44.4% during the 2nd quarter. SG Americas Securities LLC now owns 3,849 shares of the technology company’s stock worth $192,000 after acquiring an additional 1,183 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in Bottomline Technologies by 18.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,023 shares of the technology company’s stock worth $450,000 after acquiring an additional 1,400 shares during the last quarter. American Century Companies Inc. boosted its stake in Bottomline Technologies by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 321,657 shares of the technology company’s stock worth $16,028,000 after acquiring an additional 1,431 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Bottomline Technologies by 10.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 18,084 shares of the technology company’s stock worth $901,000 after acquiring an additional 1,649 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Shares of EPAY stock opened at $67.30 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 88.55, a P/E/G ratio of 7.55 and a beta of 0.97. Bottomline Technologies has a 52 week low of $32.00 and a 52 week high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, August 9th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $106.50 million for the quarter, compared to the consensus estimate of $101.05 million. Bottomline Technologies had a net margin of 2.69% and a return on equity of 10.30%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. On average, analysts forecast that Bottomline Technologies will post 0.74 EPS for the current year.

In other Bottomline Technologies news, insider Norman J. Deluca sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $55.58, for a total transaction of $416,850.00. Following the sale, the insider now directly owns 97,767 shares in the company, valued at approximately $5,433,889.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Francis Kelly sold 5,198 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $59.95, for a total transaction of $311,620.10. Following the sale, the insider now owns 69,425 shares in the company, valued at $4,162,028.75. The disclosure for this sale can be found here. Insiders have sold a total of 81,587 shares of company stock worth $5,154,712 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Several research analysts recently weighed in on the stock. Citigroup set a $75.00 price objective on shares of Bottomline Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research lowered shares of Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. DA Davidson assumed coverage on shares of Bottomline Technologies in a research note on Tuesday, September 11th. They set a “neutral” rating and a $58.00 price objective on the stock. TheStreet raised shares of Bottomline Technologies from a “c+” rating to a “b” rating in a research note on Friday, August 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Bottomline Technologies from $42.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Bottomline Technologies currently has a consensus rating of “Buy” and an average target price of $60.86.

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.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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