Bottomline Technologies Inc /de/ (EPAY) Files Form 4 Insider Selling : Norman J Deluca Sells 2,500 Shares

Bottomline Technologies Inc /de/ (EPAY): Norman J Deluca , MD, Digital Banking of Bottomline Technologies Inc /de/ sold 2,500 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $22.35 per share for a total value of $55,875.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, John Francis Kelly (GM, Legal Solutions) sold 2,991 shares at $21.52 per share price.On Jun 16, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $24.26 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.

Shares of Bottomline Technologies (EPAY) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -1.22% at $21.9 with 1,89,266 shares getting traded. Post opening the session at $22.1, the shares hit an intraday low of $21.78 and an intraday high of $22.24 and the price vacillated in this range throughout the day. The company has a market cap of $896 M and the number of outstanding shares has been calculated to be 4,09,25,732 shares. The 52-week high of Bottomline Technologies is $31.58 and the 52-week low is $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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