Norman J. Deluca Sells 3,859 Shares of Bottomline Technologies (NASDAQ:EPAY) Stock

Bottomline Technologies (NASDAQ:EPAY) insider Norman J. Deluca sold 3,859 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $40.71, for a total value of $157,099.89. Following the completion of the sale, the insider now owns 80,638 shares of the company’s stock, valued at $3,282,772.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ EPAY traded up $0.12 during mid-day trading on Monday, reaching $39.25. 263,228 shares of the company’s stock were exchanged, compared to its average volume of 282,807. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 40.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.70 and a current ratio of 1.70. Bottomline Technologies has a 52-week low of $37.04 and a 52-week high of $67.96. The company’s 50-day moving average is $40.05 and its 200-day moving average is $43.57.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. The business had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. As a group, equities analysts predict that Bottomline Technologies will post 0.65 earnings per share for the current fiscal year.

EPAY has been the subject of several analyst reports. DA Davidson upped their target price on Bottomline Technologies to $42.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. BidaskClub upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Raymond James upped their target price on Bottomline Technologies from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Bottomline Technologies has a consensus rating of “Buy” and a consensus price target of $58.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPAY. Private Capital Group LLC grew its holdings in shares of Bottomline Technologies by 42.8% during the 2nd quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock worth $39,000 after purchasing an additional 237 shares during the period. Marshall Wace LLP purchased a new position in shares of Bottomline Technologies during the 1st quarter worth $45,000. Advisor Group Inc. grew its holdings in shares of Bottomline Technologies by 17.4% during the 2nd quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock worth $82,000 after purchasing an additional 271 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Bottomline Technologies by 648.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,574 shares of the technology company’s stock worth $114,000 after purchasing an additional 2,230 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Bottomline Technologies by 10.6% during the 1st quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock worth $230,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 88.89% 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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Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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