Dana Investment Advisors Inc. trimmed its stake in shares of Bottomline Technologies (NASDAQ:EPAY) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,876 shares of the technology company’s stock after selling 11,330 shares during the quarter. Dana Investment Advisors Inc. owned 0.07% of Bottomline Technologies worth $1,482,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in shares of Bottomline Technologies during the 4th quarter valued at $69,000. Quantamental Technologies LLC bought a new stake in shares of Bottomline Technologies during the 4th quarter valued at $91,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Bottomline Technologies by 17.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,701 shares of the technology company’s stock valued at $130,000 after purchasing an additional 406 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Bottomline Technologies during the 4th quarter valued at $131,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Bottomline Technologies during the 3rd quarter valued at $145,000. Institutional investors own 87.63% of the company’s stock.

In other news, CFO Richard Douglas Booth sold 6,014 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $48.34, for a total value of $290,716.76. Following the completion of the transaction, the chief financial officer now directly owns 99,324 shares in the company, valued at approximately $4,801,322.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Francis Kelly sold 2,942 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $47.20, for a total value of $138,862.40. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Shares of NASDAQ EPAY opened at $49.06 on Friday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 64.55, a price-to-earnings-growth ratio of 7.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 1.89. Bottomline Technologies has a twelve month low of $36.79 and a twelve month high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last announced its earnings results on Thursday, January 31st. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $104.85 million for the quarter, compared to analyst estimates of $103.73 million. Bottomline Technologies had a return on equity of 9.25% and a net margin of 4.05%. Research analysts forecast that Bottomline Technologies will post 0.57 EPS for the current fiscal year.

A number of equities analysts have weighed in on EPAY shares. Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research note on Monday, February 4th. ValuEngine lowered Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Raymond James decreased their target price on Bottomline Technologies from $77.00 to $65.00 in a research note on Monday, February 4th. Four equities research 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’s stock. Bottomline Technologies has an average rating of “Buy” and an average price target of $61.78.

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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

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

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