Bottomline Technologies (NASDAQ:EPAY) Stock Rating Upgraded by ValuEngine

Bottomline Technologies (NASDAQ:EPAY) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, ValuEngine reports.

Several other equities research analysts have also weighed in on EPAY. Raymond James lowered Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $65.00 to $55.00 in a research report on Friday, May 3rd. TheStreet lowered Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a research report on Thursday, July 4th. Finally, Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Bottomline Technologies currently has a consensus rating of “Buy” and an average price target of $62.61.

Shares of NASDAQ EPAY opened at $42.24 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a fifty-two week low of $39.49 and a fifty-two week high of $74.05. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 55.58 and a beta of 0.96. The stock’s 50-day simple moving average is $43.43.

In other Bottomline Technologies news, insider Norman J. Deluca sold 9,925 shares of Bottomline Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.22, for a total transaction of $428,958.50. Following the transaction, the insider now owns 57,638 shares of the company’s stock, valued at $2,491,114.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nigel K. Savory sold 5,068 shares of Bottomline Technologies stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $43.35, for a total value of $219,697.80. Following the transaction, the insider now directly owns 156,832 shares in the company, valued at approximately $6,798,667.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,314 shares of company stock worth $2,234,271. 2.40% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Bottomline Technologies by 1.6% during the first quarter. BlackRock Inc. now owns 5,803,198 shares of the technology company’s stock worth $290,682,000 after buying an additional 91,051 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Bottomline Technologies by 3.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,975,952 shares of the technology company’s stock valued at $87,416,000 after purchasing an additional 62,516 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Bottomline Technologies by 57.0% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after purchasing an additional 412,855 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Bottomline Technologies by 0.7% in the 1st quarter. Janus Henderson Group PLC now owns 839,382 shares of the technology company’s stock valued at $42,045,000 after purchasing an additional 5,746 shares during the last quarter. Finally, North Star Asset Management Inc. grew its stake in shares of Bottomline Technologies by 3.3% in the 1st quarter. North Star Asset Management Inc. now owns 740,228 shares of the technology company’s stock valued at $37,079,000 after purchasing an additional 23,605 shares during the last quarter. 91.46% of the stock is currently owned by institutional investors.

Bottomline Technologies Company Profile

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.

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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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