Bbva Compass Bancshares Inc. decreased its position in shares of Bottomline Technologies (NASDAQ:EPAY) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,780 shares of the technology company’s stock after selling 1,453 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Bottomline Technologies were worth $396,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in EPAY. Envestnet Asset Management Inc. increased its position in shares of Bottomline Technologies by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,408 shares of the technology company’s stock valued at $185,000 after buying an additional 145 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Bottomline Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the technology company’s stock valued at $196,000 after buying an additional 130 shares during the last quarter. LaSalle Street Capital Management LLC acquired a new position in shares of Bottomline Technologies during the fourth quarter valued at approximately $204,000. Atria Investments LLC acquired a new position in shares of Bottomline Technologies during the first quarter valued at approximately $219,000. Finally, Capstone Asset Management Co. increased its position in shares of Bottomline Technologies by 14.1% in the first quarter. Capstone Asset Management Co. now owns 9,739 shares of the technology company’s stock valued at $230,000 after buying an additional 1,206 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up 0.33% during mid-day trading on Friday, hitting $24.66. 133,126 shares of the company’s stock traded hands. The company’s market cap is $940.38 million. Bottomline Technologies has a 52 week low of $18.48 and a 52 week high of $28.35. The firm has a 50-day moving average of $23.58 and a 200 day moving average of $24.53.
Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, April 27th. The technology company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $86.10 million for the quarter, compared to analysts’ expectations of $88.62 million. Bottomline Technologies had a negative net margin of 9.01% and a positive return on equity of 6.20%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. Equities research analysts predict that Bottomline Technologies will post $0.96 EPS for the current year.
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Several research firms recently weighed in on EPAY. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. TheStreet upgraded shares of Bottomline Technologies from a “d+” rating to a “c” rating in a research report on Wednesday, February 1st. Finally, Needham & Company LLC boosted their price objective on shares of Bottomline Technologies from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.80.
In related news, insider Norman J. Deluca sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $21.78, for a total transaction of $59,895.00. Following the sale, the insider now owns 90,475 shares of the company’s stock, valued at approximately $1,970,545.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Gibson bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $24.42 per share, for a total transaction of $48,840.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $244,200. The disclosure for this purchase can be found here. 3.20% of the stock is owned by insiders.
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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