Equities research analysts predict that Bottomline Technologies, Inc. (NASDAQ:EPAY) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Bottomline Technologies’ earnings. Bottomline Technologies reported earnings of $0.18 per share during the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, August 10th.
According to Zacks, analysts expect that Bottomline Technologies will report full year earnings of $0.34 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $0.45 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Bottomline Technologies.
EPAY has been the topic of a number of analyst reports. BidaskClub raised Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 price target on shares of Bottomline Technologies in a research note on Wednesday, July 5th. UBS AG raised Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. FIX raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Monday, July 17th. Finally, Raymond James Financial, Inc. raised Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.67.
In other news, insider Norman J. Deluca sold 1,898 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $28.99, for a total transaction of $55,023.02. Following the transaction, the insider now directly owns 77,192 shares of the company’s stock, valued at $2,237,796.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Norman J. Deluca sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $25.33, for a total value of $69,657.50. Following the transaction, the insider now directly owns 83,554 shares in the company, valued at $2,116,422.82. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Bottomline Technologies by 9,565.3% in the first quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after buying an additional 5,357,259 shares in the last quarter. Norges Bank acquired a new stake in shares of Bottomline Technologies during the fourth quarter worth about $4,761,000. Vista Equity Partners Management LLC increased its stake in shares of Bottomline Technologies by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 491,892 shares of the technology company’s stock worth $11,633,000 after buying an additional 150,984 shares during the period. Mesirow Financial Investment Management Equity Management increased its stake in shares of Bottomline Technologies by 19.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 906,505 shares of the technology company’s stock worth $23,287,000 after buying an additional 145,875 shares during the period. Finally, Bernzott Capital Advisors increased its stake in shares of Bottomline Technologies by 17.3% in the second quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock worth $25,303,000 after buying an additional 144,975 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bottomline Technologies (EPAY) opened at 27.62 on Friday. The firm’s 50-day moving average is $26.74 and its 200-day moving average is $25.22. Bottomline Technologies has a 52-week low of $18.48 and a 52-week high of $29.00. The firm’s market cap is $1.05 billion.
About Bottomline Technologies
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
Get a free copy of the Zacks research report on Bottomline Technologies (EPAY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bottomline Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
