Bottomline Technologies (NASDAQ:EPAY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a $35.60 price target on the stock. Zacks‘ target price would indicate a potential upside of 6.30% from the stock’s previous close.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded down 1.49% during mid-day trading on Wednesday, hitting $32.99. The stock had a trading volume of 143,008 shares. Bottomline Technologies has a 52-week low of $22.35 and a 52-week high of $36.66. The stock’s 50-day moving average is $29.71 and its 200-day moving average is $28.29. The company’s market cap is $1.195 billion.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.23. The company had revenue of $67.25 million for the quarter, compared to the consensus estimate of $28.21 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Bottomline Technologies will post $1.15 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on EPAY. Analysts at Stephens downgraded shares of Bottomline Technologies from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Separately, analysts at Needham & Company raised their price target on shares of Bottomline Technologies from $35.00 to $36.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Bottomline Technologies from $32.00 to $35.00 in a research note to investors on Wednesday, August 21st. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.92.
Bottomline Technologies (NASDAQ:EPAY), Inc provides cloud-based payment, invoice and banking solutions to corporations, insurance companies, financial institutions and banks worldwide.
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