Bottomline Technologies Inc /de/ (EPAY) Files Form 4 Insider Selling : John Francis Kelly Sells 2,991 Shares

Bottomline Technologies Inc /de/ (EPAY): John Francis Kelly , GM, Legal Solutions of Bottomline Technologies Inc /de/ sold 2,991 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $21.52 per share for a total value of $64,372.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $24.26 per share price.On Jun 14, 2016, John Francis Kelly (GM, Legal Solutions) sold 944 shares at $24.22 per share price.Also, On May 9, 2016, Joseph L Mullen (director) purchased 3,000 shares at $24.77 per share price.On May 4, 2016, Joseph Leo Jr Barry (director) purchased 5,000 shares at $24.89 per share price.

Bottomline Technologies: On Monday, Jul 11, 2016 heightened volatility was witnessed in Bottomline Technologies which led to swings in the share price. The shares opened for trading at $21.63 and hit $22.09 on the upside , eventually ending the session at $21.94, with a gain of 2.19% or 0.47 points. The heightened volatility saw the trading volume jump to 4,01,805 shares. The 52-week high of the share price is $31.58 and the company has a market cap of $898 M . The 52-week low of the share price is at $20.44.

Bottomline Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Bottomline Technologies is Initiated by First Analysis Sec to Overweight and the brokerage firm has set the Price Target at $27. The Rating was issued on Jun 29, 2016.Bottomline Technologies is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.

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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