State of Tennessee Treasury Department Has $726,000 Stake in Bottomline Technologies, Inc. (EPAY)

State of Tennessee Treasury Department Has $726,000 Stake in Bottomline Technologies, Inc. (EPAY)

State of Tennessee Treasury Department continued to hold its position in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,134 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned approximately 0.08% of Bottomline Technologies worth $726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Bottomline Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the company’s stock valued at $196,000 after buying an additional 130 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bottomline Technologies by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 21,925 shares of the company’s stock valued at $472,000 after buying an additional 163 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Bottomline Technologies by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,807 shares of the company’s stock valued at $104,000 after buying an additional 176 shares in the last quarter. Arizona State Retirement System raised its position in shares of Bottomline Technologies by 1.0% in the second quarter. Arizona State Retirement System now owns 19,688 shares of the company’s stock valued at $424,000 after buying an additional 200 shares in the last quarter. Finally, BB&T Corp raised its position in shares of Bottomline Technologies by 2.3% in the third quarter. BB&T Corp now owns 10,607 shares of the company’s stock valued at $247,000 after buying an additional 242 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) traded up 0.058% during mid-day trading on Friday, hitting $25.755. 73,991 shares of the stock traded hands. Bottomline Technologies, Inc. has a 1-year low of $18.48 and a 1-year high of $31.52. The company’s 50-day moving average price is $25.15 and its 200 day moving average price is $23.19. The company’s market capitalization is $976.76 million.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $83.08 million for the quarter, compared to analysts’ expectations of $84.38 million. Bottomline Technologies had a negative net margin of 7.54% and a positive return on equity of 7.39%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities research analysts forecast that Bottomline Technologies, Inc. will post $0.85 EPS for the current fiscal year.

EPAY has been the topic of several research reports. Royal Bank Of Canada initiated coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 price objective on the stock. RBC Capital Markets initiated coverage on shares of Bottomline Technologies in a report on Friday, September 30th. They set a “sector perform” rating and a $26.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.00.

In related news, insider Robert A. Eberle sold 35,992 shares of Bottomline Technologies stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $22.36, for a total value of $804,781.12. Following the sale, the insider now owns 410,176 shares in the company, valued at $9,171,535.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey C. Leathe sold 4,000 shares of Bottomline Technologies stock in a transaction on Monday, December 5th. The shares were sold at an average price of $24.75, for a total transaction of $99,000.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at approximately $99,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,622 shares of company stock worth $968,661. 3.20% of the stock is currently owned by company insiders.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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