Nationwide Fund Advisors Has $10.51 Million Stake in Bottomline Technologies, Inc. (EPAY)

Nationwide Fund Advisors grew its holdings in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,076 shares of the technology company’s stock after buying an additional 15,517 shares during the quarter. Nationwide Fund Advisors owned 0.88% of Bottomline Technologies worth $10,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Bottomline Technologies by 2.4% during the second quarter. Vanguard Group Inc. now owns 3,505,403 shares of the technology company’s stock valued at $90,053,000 after buying an additional 83,341 shares during the last quarter. State Street Corp grew its holdings in shares of Bottomline Technologies by 4.3% during the second quarter. State Street Corp now owns 986,721 shares of the technology company’s stock valued at $25,348,000 after buying an additional 40,256 shares during the last quarter. Bernzott Capital Advisors grew its holdings in shares of Bottomline Technologies by 17.3% during the second quarter. Bernzott Capital Advisors now owns 984,945 shares of the technology company’s stock valued at $25,303,000 after buying an additional 144,975 shares during the last quarter. Mesirow Financial Investment Management Equity Management grew its holdings in shares of Bottomline Technologies by 19.2% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 906,505 shares of the technology company’s stock valued at $23,287,000 after buying an additional 145,875 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Bottomline Technologies by 7.8% during the third quarter. Fisher Asset Management LLC now owns 575,127 shares of the technology company’s stock valued at $18,306,000 after buying an additional 41,731 shares during the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a research report on Monday, September 11th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Bottomline Technologies in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.00.

Bottomline Technologies, Inc. (NASDAQ EPAY) opened at $33.37 on Wednesday. Bottomline Technologies, Inc. has a 12-month low of $21.52 and a 12-month high of $34.89. The firm has a market cap of $1,357.82, a PE ratio of 81.81, a P/E/G ratio of 5.82 and a beta of 1.16.

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

In other Bottomline Technologies news, insider Norman J. Deluca sold 1,584 shares of Bottomline Technologies stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the sale, the insider now owns 99,633 shares of the company’s stock, valued at $3,293,866.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of Bottomline Technologies stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $33.05, for a total transaction of $66,100.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at approximately $132,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,718 shares of company stock worth $2,136,905. Insiders own 2.40% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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