Bottomline Technologies (NASDAQ:EPAY) insider Robert A. Eberle sold 9,078 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $37.25, for a total transaction of $338,155.50. Following the completion of the sale, the insider now owns 347,341 shares in the company, valued at $12,938,452.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Bottomline Technologies (NASDAQ EPAY) opened at $37.33 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Bottomline Technologies has a fifty-two week low of $21.52 and a fifty-two week high of $39.50. The stock has a market cap of $1,508.84, a P/E ratio of 72.72 and a beta of 1.12.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The firm had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.51 million. During the same quarter last year, the business earned $0.26 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. sell-side analysts forecast that Bottomline Technologies will post 0.53 earnings per share for the current year.
A number of research analysts recently issued reports on EPAY shares. BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. Needham & Company LLC raised their price objective on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $35.40.
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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.
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