Bottomline Technologies (EPAY) is Reiterated by Needham to Buy, Lowers Price Target to $ 28

Bottomline Technologies (EPAY) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 28 from a previous price target of $30 . Needham advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Bottomline Technologies. First Analysis Sec Initiated Bottomline Technologies on Jun 29, 2016 to “Overweight”, Price Target of the shares are set at $27.

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 opened for trading at $19.29 and hit $19.8 on the upside on Tuesday, eventually ending the session at $19.76, with a gain of 3.13% or 0.6 points. The heightened volatility saw the trading volume jump to 2,92,046 shares. Company has a market cap of $809 M.

In a different news, on Aug 17, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $20.83 per share price. According to the SEC, on Jul 12, 2016, John Francis Kelly (GM, Legal Solutions) sold 2,991 shares at $21.52 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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