Bottomline Technologies (EPAY) is Downgraded by Raymond James to Mkt Perform

Bottomline Technologies (EPAY) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Apr 29, 2016.

On the company’s financial health, Bottomline Technologies reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $86.00 million for the quarter, compared to analysts expectations of $86.91 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Bottomline Technologies opened for trading at $30.79 and hit $31.1 on the upside on Wednesday, eventually ending the session at $30.94, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 1,21,717 shares. Company has a market cap of $1,262 M.

In a different news, on Apr 19, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $30.27 per share price. According to the SEC, on Apr 8, 2016, John Francis Kelly (GM, Legal Solutions) sold 1,867 shares at $30.83 per share price. On Mar 21, 2016, Nigel K Savory (Managing Director, Europe) sold 8,229 shares at $29.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Bottomline Technologies (de) Inc. is a provider of cloud-based digital banking fraud prevention payment financial document insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions as well as software designed to run on-site at the customer’s location. The Payments and Transactional Documents segment is a supplier of software products that provide financial business process management solutions including making and collecting payments sending and receiving invoices and generating and storing business documents. The Hosted Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment electronic invoicing and spend management. The Digital Banking segment provides solutions to banking and financial institution customers.

Bottomline Technologies

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