Equities research analysts expect Bottomline Technologies (NASDAQ:EPAY) to post $106.20 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Bottomline Technologies’ earnings, with estimates ranging from $104.30 million to $110.50 million. Bottomline Technologies posted sales of $101.14 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The firm is expected to announce its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $423.09 million for the current financial year, with estimates ranging from $419.10 million to $431.80 million. For the next financial year, analysts forecast that the firm will post sales of $465.17 million, with estimates ranging from $453.31 million to $483.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Bottomline Technologies.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $104.85 million during the quarter, compared to analyst estimates of $103.73 million. Bottomline Technologies had a net margin of 4.05% and a return on equity of 9.25%.
EPAY has been the subject of a number of research reports. BidaskClub raised shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. Raymond James lowered their price target on shares of Bottomline Technologies from $77.00 to $65.00 in a report on Monday, February 4th. Craig Hallum lowered their price target on shares of Bottomline Technologies from $63.00 to $55.00 and set a “hold” rating for the company in a report on Monday, February 4th. Barrington Research reissued a “buy” rating on shares of Bottomline Technologies in a report on Monday, February 4th. Finally, DA Davidson raised their price target on shares of Bottomline Technologies from $1.52 to $47.00 and gave the company a “neutral” rating in a report on Friday, February 1st. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Bottomline Technologies currently has a consensus rating of “Buy” and a consensus target price of $61.78.
Shares of NASDAQ EPAY traded down $0.11 during mid-day trading on Friday, hitting $49.06. 305,863 shares of the stock were exchanged, compared to its average volume of 393,053. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 7.11 and a beta of 0.94. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Bottomline Technologies has a twelve month low of $36.79 and a twelve month high of $74.05.
In other Bottomline Technologies news, insider John Francis Kelly sold 2,942 shares of Bottomline Technologies stock in a transaction on Friday, February 15th. The shares were sold at an average price of $47.20, for a total transaction of $138,862.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Douglas Booth sold 6,014 shares of Bottomline Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $48.34, for a total transaction of $290,716.76. Following the sale, the chief financial officer now directly owns 99,324 shares of the company’s stock, valued at approximately $4,801,322.16. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in shares of Bottomline Technologies by 34.5% during the third quarter. Capital World Investors now owns 3,656,000 shares of the technology company’s stock worth $265,828,000 after purchasing an additional 938,049 shares in the last quarter. Norges Bank bought a new position in shares of Bottomline Technologies during the fourth quarter worth $22,886,000. BlackRock Inc. boosted its position in shares of Bottomline Technologies by 6.4% during the third quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock worth $402,006,000 after purchasing an additional 331,293 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Bottomline Technologies by 303.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 328,112 shares of the technology company’s stock worth $23,857,000 after purchasing an additional 246,800 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Bottomline Technologies by 6.1% during the third quarter. Vanguard Group Inc now owns 4,081,808 shares of the technology company’s stock worth $296,788,000 after purchasing an additional 233,817 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.
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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