Bottomline Technologies (NASDAQ:EPAY) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on EPAY. Analysts at Zacks upgraded shares of Bottomline Technologies from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, November 6th. They now have a $35.60 price target on the stock. Separately, 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, November 4th. Finally, 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.65.
In other Bottomline Technologies news, CEO Robert Eberle unloaded 7,973 shares of Bottomline Technologies stock on the open market in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.75, for a total transaction of $261,115.75. Following the completion of the transaction, the chief executive officer now directly owns 308,501 shares of the company’s stock, valued at approximately $10,103,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bottomline Technologies (NASDAQ:EPAY) opened at 33.01 on Monday. Bottomline Technologies has a 1-year low of $22.72 and a 1-year high of $36.66. The stock’s 50-day moving average is $30.71 and its 200-day moving average is $28.64. The company’s market cap is $1.203 billion.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Bottomline Technologies will post $1.20 earnings per share for the current fiscal year.
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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