Bottomline Technologies (EPAY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Bottomline Technologies (NASDAQ:EPAY) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Bottomline Technologies (de), Inc. provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. It’s Paymode-X settlement network as a technology solution to expand the banks’ treasury management offerings both domestically and around the globe. Paymode-X enables financial institutions to offer comprehensive payables solutions for their corporate customers to convert their paper-based payments to electronic payments quickly and easily. Bottomline Technologies (de), Inc. deep experience in cyber fraud risk management solutions to launch a new payment fraud solution for members of the SWIFT payment network. “

Several other equities analysts have also weighed in on EPAY. ValuEngine lowered shares of Bottomline Technologies from a strong-buy rating to a buy rating in a report on Wednesday, January 2nd. Barrington Research restated a buy rating on shares of Bottomline Technologies in a report on Wednesday, November 14th. TheStreet lowered shares of Bottomline Technologies from a b rating to a c rating in a report on Friday, November 9th. BidaskClub lowered shares of Bottomline Technologies from a strong-buy rating to a buy rating in a report on Tuesday, November 13th. Finally, First Analysis upgraded shares of Bottomline Technologies from an outperform rating to a strong-buy rating and set a $88.00 target price on the stock in a report on Monday, November 12th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Bottomline Technologies presently has a consensus rating of Buy and an average price target of $64.25.

Shares of NASDAQ EPAY traded up $0.55 during trading on Wednesday, hitting $48.78. 188,402 shares of the company traded hands, compared to its average volume of 354,813. Bottomline Technologies has a 1 year low of $34.92 and a 1 year high of $74.05. The stock has a market capitalization of $2.15 billion, a PE ratio of 64.18, a P/E/G ratio of 6.63 and a beta of 0.97. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.31.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. The company had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $99.90 million. During the same period in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Bottomline Technologies will post 0.63 EPS for the current fiscal year.

In other Bottomline Technologies news, CEO Robert A. Eberle sold 15,024 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $50.54, for a total value of $759,312.96. Following the transaction, the chief executive officer now owns 402,432 shares in the company, valued at approximately $20,338,913.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Norman J. Deluca sold 7,491 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $64.66, for a total transaction of $484,368.06. Following the completion of the transaction, the insider now owns 86,050 shares in the company, valued at approximately $5,563,993. The disclosure for this sale can be found here. Insiders sold a total of 34,806 shares of company stock worth $1,859,123 in the last quarter. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in Bottomline Technologies by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 12,227 shares of the technology company’s stock worth $586,000 after buying an additional 245 shares in the last quarter. United Services Automobile Association raised its stake in shares of Bottomline Technologies by 11.7% in the 2nd quarter. United Services Automobile Association now owns 6,783 shares of the technology company’s stock valued at $338,000 after purchasing an additional 713 shares in the last quarter. Sawgrass Asset Management LLC raised its stake in shares of Bottomline Technologies by 8.7% in the 3rd quarter. Sawgrass Asset Management LLC now owns 12,635 shares of the technology company’s stock valued at $919,000 after purchasing an additional 1,015 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Bottomline Technologies by 28.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,195 shares of the technology company’s stock valued at $378,000 after purchasing an additional 1,150 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Bottomline Technologies by 44.4% in the 2nd quarter. SG Americas Securities LLC now owns 3,849 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

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.

Further Reading: How to calculate the intrinsic value of a stock

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