Bottomline Technologies (EPAY) is Initiated by First Analysis Sec to Overweight, Price Target at $27

Bottomline Technologies (EPAY) was Initiated by First Analysis Sec to “Overweight” and the brokerage firm has set the Price Target at $27. First Analysis Sec advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Bottomline Technologies. Bottomline Technologies was Downgraded by Raymond James to ” Mkt Perform” on Apr 29, 2016.

On the company’s financial health, Bottomline Technologies reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.38. The company had revenue of $86.23 million for the quarter, compared to analysts expectations of $87.44 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Bottomline Technologies closed down -1.47 points or -6.68% at $20.54 with 4,74,244 shares getting traded on Monday. Post opening the session at $21.76, the shares hit an intraday low of $20.51 and an intraday high of $21.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 16, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $24.26 per share price. According to the SEC, on Jun 14, 2016, John Francis Kelly (GM, Legal Solutions) sold 944 shares at $24.22 per share price. On May 9, 2016, Joseph L Mullen (director) purchased 3,000 shares at $24.77 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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