We Are One Seven LLC Buys Shares of 4,306 Bottomline Technologies (EPAY)

We Are One Seven LLC bought a new position in Bottomline Technologies (NASDAQ:EPAY) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,306 shares of the technology company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EPAY. Principal Financial Group Inc. lifted its stake in Bottomline Technologies by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 266,752 shares of the technology company’s stock valued at $10,337,000 after acquiring an additional 3,339 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Bottomline Technologies by 13.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,178 shares of the technology company’s stock valued at $27,764,000 after acquiring an additional 64,839 shares in the last quarter. WINTON GROUP Ltd bought a new position in Bottomline Technologies during the 2nd quarter valued at $210,000. Janus Henderson Group PLC lifted its stake in Bottomline Technologies by 4.9% during the 2nd quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after acquiring an additional 40,626 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Bottomline Technologies by 41.7% during the 2nd quarter. First Trust Advisors LP now owns 80,243 shares of the technology company’s stock valued at $3,999,000 after acquiring an additional 23,608 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

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In related news, insider Nigel K. Savory sold 5,926 shares of Bottomline Technologies stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $67.14, for a total value of $397,871.64. Following the completion of the sale, the insider now owns 135,140 shares of the company’s stock, valued at approximately $9,073,299.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Benjamin E. Robinson III sold 2,500 shares of Bottomline Technologies stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $65.74, for a total value of $164,350.00. Following the completion of the sale, the director now directly owns 10,500 shares of the company’s stock, valued at approximately $690,270. The disclosure for this sale can be found here. Insiders have sold a total of 81,587 shares of company stock worth $5,154,712 over the last quarter. Company insiders own 2.40% of the company’s stock.

Several equities analysts have weighed in on EPAY shares. Craig Hallum restated a “buy” rating and set a $63.00 price objective on shares of Bottomline Technologies in a research note on Friday, August 10th. Zacks Investment Research upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Wednesday, August 15th. Royal Bank of Canada lifted their target price on Bottomline Technologies from $42.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. DA Davidson initiated coverage on Bottomline Technologies in a research note on Tuesday, September 11th. They set a “neutral” rating and a $58.00 target price on the stock. Finally, BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Bottomline Technologies has an average rating of “Buy” and a consensus price target of $59.57.

NASDAQ EPAY opened at $65.37 on Friday. The firm has a market cap of $3.08 billion, a PE ratio of 86.01, a price-to-earnings-growth ratio of 8.34 and a beta of 0.98. Bottomline Technologies has a one year low of $31.75 and a one year high of $74.05. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.48.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 9th. The technology company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $101.05 million. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts forecast that Bottomline Technologies will post 0.73 EPS for the current fiscal year.

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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