BidaskClub upgraded shares of Bottomline Technologies (NASDAQ:EPAY) from a sell rating to a hold rating in a report released on Friday, BidAskClub reports.

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.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. The company had revenue of $106.44 million for the quarter, compared to the consensus estimate of $104.46 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Bottomline Technologies will post 0.58 EPS for the current fiscal year.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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