Bottomline Technologies (NASDAQ:EPAY) Insider Nigel K. Savory Sells 5,068 Shares

Bottomline Technologies (NASDAQ:EPAY) insider Nigel K. Savory sold 5,068 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $43.35, for a total value of $219,697.80. Following the sale, the insider now directly owns 156,832 shares of the company’s stock, valued at $6,798,667.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of EPAY traded down $0.30 during trading hours on Monday, reaching $43.94. 231,172 shares of the company’s stock traded hands, compared to its average volume of 308,630. The company has a market capitalization of $1.92 billion, a PE ratio of 57.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day simple moving average is $44.73. Bottomline Technologies has a 12 month low of $39.78 and a 12 month high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.21. The company had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. Bottomline Technologies had a return on equity of 8.77% and a net margin of 4.43%. Bottomline Technologies’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Analysts expect that Bottomline Technologies will post 0.58 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. BidaskClub lowered Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Barrington Research reissued a “buy” rating and issued a $62.50 price objective on shares of Bottomline Technologies in a report on Monday, April 29th. Raymond James downgraded Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $65.00 to $55.00 in a research note on Friday, May 3rd. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $57.00 target price (down previously from $66.00) on shares of Bottomline Technologies in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.61.

Large investors have recently added to or reduced their stakes in the stock. Tortoise Index Solutions LLC bought a new stake in Bottomline Technologies in the first quarter worth $31,000. Marshall Wace LLP bought a new position in shares of Bottomline Technologies during the first quarter valued at $45,000. First Hawaiian Bank lifted its holdings in shares of Bottomline Technologies by 31.0% during the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock valued at $52,000 after purchasing an additional 247 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Bottomline Technologies during the fourth quarter valued at $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bottomline Technologies by 17.7% during the fourth 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 in the last quarter. Institutional investors own 90.10% of the company’s stock.

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.

Further Reading: Trading signals using Bollinger bands

Insider Buying and Selling by Quarter for Bottomline Technologies (NASDAQ:EPAY)

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.