Bottomline Technologies (NASDAQ:EPAY) Posts Earnings Results, Beats Expectations By $0.02 EPS

Bottomline Technologies (NASDAQ:EPAY) posted its earnings results on Friday. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02, Briefing.com reports. The business had revenue of $108.20 million for the quarter, compared to analyst estimates of $105.98 million. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS.

Shares of EPAY stock traded up $3.18 during trading on Friday, reaching $45.33. 577,900 shares of the company’s stock were exchanged, compared to its average volume of 281,796. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a twelve month low of $37.04 and a twelve month high of $57.35. The stock has a market capitalization of $1.82 billion, a PE ratio of 46.73 and a beta of 1.00. The firm’s fifty day moving average price is $40.03 and its 200-day moving average price is $42.92.

In other Bottomline Technologies news, insider John Francis Kelly sold 3,010 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $40.90, for a total value of $123,109.00. Following the completion of the transaction, the insider now directly owns 65,340 shares in the company, valued at $2,672,406. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Norman J. Deluca sold 3,859 shares of the stock in a transaction dated 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 transaction, the insider now owns 80,638 shares of the company’s stock, valued at $3,282,772.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,066 shares of company stock valued at $1,583,993. 2.60% of the stock is owned by corporate insiders.

EPAY has been the topic of a number of recent analyst reports. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, August 9th. Barrington Research reissued a “buy” rating and set a $57.50 target price on shares of Bottomline Technologies in a report on Friday, August 9th. Raymond James boosted their target price on Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. DA Davidson boosted their target price on Bottomline Technologies to $42.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. 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. The stock has a consensus rating of “Buy” and a consensus price target of $58.58.

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.

See Also: Current Ratio

Earnings History for Bottomline Technologies (NASDAQ:EPAY)

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