Bottomline Technologies (de) (NASDAQ:EPAY) Releases Q2 2022 Earnings Guidance

Bottomline Technologies (de) (NASDAQ:EPAY) updated its second quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.240-$0.260 for the period, compared to the Thomson Reuters consensus estimate of $0.290. The company issued revenue guidance of $125 million-$127 million, compared to the consensus revenue estimate of $127.65 million.Bottomline Technologies (de) also updated its FY 2022 guidance to $1.110-$1.150 EPS.

Several brokerages have recently issued reports on EPAY. Needham & Company LLC increased their price objective on Bottomline Technologies (de) from $46.00 to $55.00 and gave the company a buy rating in a research note on Wednesday, November 10th. William Blair reiterated a market perform rating on shares of Bottomline Technologies (de) in a research note on Wednesday, November 10th. DA Davidson increased their price objective on Bottomline Technologies (de) from $44.00 to $50.00 and gave the company a neutral rating in a research note on Tuesday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut Bottomline Technologies (de) from a hold rating to a strong sell rating in a research note on Thursday, November 18th. Finally, Raymond James raised their price target on Bottomline Technologies (de) from $44.00 to $54.00 and gave the company an outperform rating in a research note on Thursday, October 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $52.33.

Shares of NASDAQ EPAY traded up $0.18 during midday trading on Thursday, reaching $46.24. 172,201 shares of the company were exchanged, compared to its average volume of 340,807. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.29. Bottomline Technologies has a 1 year low of $36.05 and a 1 year high of $55.09. The company’s fifty day moving average is $42.86. The company has a market capitalization of $2.09 billion, a PE ratio of -92.48 and a beta of 1.37.

Bottomline Technologies (de) (NASDAQ:EPAY) last announced its quarterly earnings data on Monday, November 8th. The technology company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). Bottomline Technologies (de) had a negative net margin of 4.47% and a positive return on equity of 0.81%. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that Bottomline Technologies will post 0.07 earnings per share for the current year.

In related news, CEO Robert A. Eberle sold 2,608 shares of the stock in a transaction dated Monday, October 4th. The shares were sold at an average price of $38.52, for a total transaction of $100,460.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert A. Eberle sold 1,393 shares of the stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $42.60, for a total transaction of $59,341.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,001 shares of company stock valued at $599,702. Insiders own 2.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in shares of Bottomline Technologies (de) by 138.2% during the 2nd quarter. Morgan Stanley now owns 718,992 shares of the technology company’s stock worth $26,661,000 after acquiring an additional 417,173 shares during the period. Bank of New York Mellon Corp lifted its holdings in Bottomline Technologies (de) by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 424,058 shares of the technology company’s stock valued at $16,658,000 after purchasing an additional 10,324 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Bottomline Technologies (de) by 36.1% during the 3rd quarter. LPL Financial LLC now owns 9,219 shares of the technology company’s stock valued at $359,000 after purchasing an additional 2,444 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Bottomline Technologies (de) Company Profile

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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Earnings History and Estimates for Bottomline Technologies (de) (NASDAQ:EPAY)

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