Bottomline Technologies (NASDAQ:EPAY) Upgraded to Hold at BidaskClub
A number of other research firms also recently weighed in on EPAY. TheStreet downgraded Viewray from a c- rating to a d rating in a research note on Friday, May 3rd. Barrington Research reaffirmed a buy rating on shares of Bottomline Technologies in a research note on Thursday, July 4th. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target on the stock in a research note on Monday, July 8th. Raymond James set a $60.00 price target on Banner and gave the stock a buy rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a buy rating and set a $200.00 price target (up from $140.00) on shares of Universal Display in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $62.61.
Shares of NASDAQ:EPAY opened at $44.49 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 58.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50-day simple moving average of $43.98. Bottomline Technologies has a 1 year low of $39.78 and a 1 year high of $74.05.
In other Bottomline Technologies news, insider Robert A. Eberle sold 21,824 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $45.17, for a total transaction of $985,790.08. Following the completion of the sale, the insider now directly owns 375,202 shares of the company’s stock, valued at approximately $16,947,874.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer M. Gray sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.97, for a total value of $89,940.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at $269,820. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock valued at $2,234,271 over the last three months. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of EPAY. Tortoise Index Solutions LLC bought a new stake in Bottomline Technologies during the 1st quarter worth approximately $31,000. Marshall Wace LLP bought a new position in shares of Bottomline Technologies in the first quarter valued at approximately $45,000. First Hawaiian Bank grew its holdings in shares of Bottomline Technologies by 31.0% in the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after acquiring an additional 247 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Bottomline Technologies by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $196,000 after acquiring an additional 205 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Bottomline Technologies by 10.6% in the first quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock valued at $230,000 after acquiring an additional 439 shares in the last quarter. 91.38% of the stock is owned by hedge funds and other institutional investors.
Bottomline Technologies Company Profile
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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