Bottomline Technologies, Inc. (NASDAQ:EPAY) Insider Robert A. Eberle Sells 30,907 Shares

Bottomline Technologies, Inc. (NASDAQ:EPAY) insider Robert A. Eberle sold 30,907 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $33.45, for a total value of $1,033,839.15. Following the sale, the insider now owns 379,100 shares of the company’s stock, valued at $12,680,895. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Bottomline Technologies, Inc. (NASDAQ EPAY) opened at $33.37 on Wednesday. Bottomline Technologies, Inc. has a 1-year low of $21.52 and a 1-year high of $34.89. The company has a market capitalization of $1,335.55, a PE ratio of 80.46, a P/E/G ratio of 5.73 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.70 million. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. Bottomline Technologies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. research analysts predict that Bottomline Technologies, Inc. will post 0.48 EPS for the current fiscal year.

Several brokerages have commented on EPAY. Zacks Investment Research downgraded Bottomline Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price target (up previously from $31.00) on shares of Bottomline Technologies in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 price objective on shares of Bottomline Technologies in a research report on Monday, September 11th. Finally, Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.00.

Several large investors have recently modified their holdings of EPAY. Eagle Boston Investment Management Inc. lifted its position in Bottomline Technologies by 0.7% during the second quarter. Eagle Boston Investment Management Inc. now owns 352,777 shares of the technology company’s stock worth $9,062,000 after buying an additional 2,356 shares in the last quarter. Nomura Holdings Inc. raised its position in Bottomline Technologies by 13.0% in the second quarter. Nomura Holdings Inc. now owns 105,631 shares of the technology company’s stock valued at $2,719,000 after purchasing an additional 12,165 shares during the period. Hood River Capital Management LLC raised its position in Bottomline Technologies by 13.0% in the third quarter. Hood River Capital Management LLC now owns 489,434 shares of the technology company’s stock valued at $15,579,000 after purchasing an additional 56,155 shares during the period. BlackRock Inc. raised its position in 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 purchasing an additional 5,357,259 shares during the period. Finally, Bessemer Group Inc. raised its position in Bottomline Technologies by 122.6% in the third quarter. Bessemer Group Inc. now owns 50,300 shares of the technology company’s stock valued at $1,601,000 after purchasing an additional 27,700 shares during the period. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

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Bottomline Technologies Company Profile

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.

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

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