Crossmark Global Holdings Inc. decreased its position in Bottomline Technologies (NASDAQ:EPAY) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,520 shares of the technology company’s stock after selling 363 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bottomline Technologies were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Tortoise Index Solutions LLC purchased a new stake in Bottomline Technologies in the 1st quarter valued at approximately $31,000. Marshall Wace LLP acquired a new position in Bottomline Technologies during the first quarter worth $45,000. First Hawaiian Bank boosted its holdings in Bottomline Technologies by 31.0% during the first quarter. First Hawaiian Bank now owns 1,045 shares of the technology company’s stock worth $52,000 after purchasing an additional 247 shares during the last quarter. LS Investment Advisors LLC raised its position in Bottomline Technologies by 5.5% during the first quarter. LS Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $196,000 after acquiring an additional 205 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Bottomline Technologies by 10.6% during the first quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock worth $230,000 after acquiring an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 90.33% of the company’s stock.
NASDAQ:EPAY opened at $42.12 on Friday. The firm’s 50 day simple moving average is $42.97 and its 200 day simple moving average is $45.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.70 and a quick ratio of 1.57. Bottomline Technologies has a one year low of $39.49 and a one year high of $74.05. The company has a market cap of $1.86 billion, a PE ratio of 80.49 and a beta of 0.96.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $108.24 million during the quarter, compared to analyst estimates of $106.17 million. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.07%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. Equities research analysts expect that Bottomline Technologies will post 0.68 EPS for the current year.
Several research firms have issued reports on EPAY. TheStreet lowered shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. Barrington Research reissued a “buy” rating and issued a $57.50 price objective on shares of Bottomline Technologies in a research report on Friday, August 9th. BidaskClub raised shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $57.00 price objective (down from $66.00) on shares of Bottomline Technologies in a research note on Friday, May 3rd. Finally, Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $60.79.
In related news, insider Norman J. Deluca sold 9,925 shares of Bottomline Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.22, for a total value of $428,958.50. Following the completion of the sale, the insider now owns 57,638 shares of the company’s stock, valued at approximately $2,491,114.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jennifer M. Gray sold 2,000 shares of Bottomline Technologies stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.97, for a total transaction of $89,940.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $269,820. The disclosure for this sale can be found here. Insiders sold a total of 28,490 shares of company stock valued at $1,248,481 in the last quarter. 2.40% of the stock is currently owned by company insiders.
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.
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