Summit Creek Advisors buys $17,524,735 stake in Bottomline Technologies (EPAY)

Bottomline Technologies (EPAY) : Summit Creek Advisors scooped up 37,378 additional shares in Bottomline Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 565,679 shares of Bottomline Technologies which is valued at $17,524,735.Bottomline Technologies makes up approximately 2.71% of Summit Creek Advisors’s portfolio.

Bottomline Technologies opened for trading at $30.33 and hit $30.99 on the upside on Friday, eventually ending the session at $30.98, with a gain of 1.74% or 0.53 points. The heightened volatility saw the trading volume jump to 2,43,420 shares. Company has a market cap of $1,264 M.

Other Hedge Funds, Including , Gw&k Investment Management boosted its stake in EPAY in the latest quarter, The investment management firm added 44,104 additional shares and now holds a total of 96,670 shares of Bottomline Technologies which is valued at $2,994,837. Bottomline Technologies makes up approx 0.07% of Gw&k Investment Management’s portfolio.Fisher Asset Management boosted its stake in EPAY in the latest quarter, The investment management firm added 56,272 additional shares and now holds a total of 181,285 shares of Bottomline Technologies which is valued at $5,616,209. Bottomline Technologies makes up approx 0.01% of Fisher Asset Management’s portfolio.1st Global Advisors reduced its stake in EPAY by selling 303 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 22,714 shares of EPAY which is valued at $688,916. Bottomline Technologies makes up approx 0.10% of 1st Global Advisors’s portfolio.Eagle Asset Management Inc reduced its stake in EPAY by selling 345 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 65,457 shares of EPAY which is valued at $1,945,382. Bottomline Technologies makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.

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 (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.

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