Bottomline Technologies (EPAY) : Investment Management Of Virginia scooped up 157,219 additional shares in Bottomline Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 352,479 shares of Bottomline Technologies which is valued at $7,366,811.Bottomline Technologies makes up approximately 1.78% of Investment Management Of Virginia’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in EPAY in the latest quarter, The investment management firm added 2,815 additional shares and now holds a total of 279,617 shares of Bottomline Technologies which is valued at $5,843,995.Segall Bryant Hamill reduced its stake in EPAY by selling 248,459 shares or 35.28% in the most recent quarter. The Hedge Fund company now holds 455,811 shares of EPAY which is valued at $9,526,450. Bottomline Technologies makes up approx 0.24% of Segall Bryant Hamill’s portfolio.Blackrock Advisors boosted its stake in EPAY in the latest quarter, The investment management firm added 183,343 additional shares and now holds a total of 484,733 shares of Bottomline Technologies which is valued at $10,130,920. Bottomline Technologies makes up approx 0.01% of Blackrock Advisors’s portfolio.
Bottomline Technologies closed down -0.44 points or -1.88% at $22.95 with 13,16,274 shares getting traded on Monday. Post opening the session at $23.49, the shares hit an intraday low of $22.85 and an intraday high of $23.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
Many Wall Street Analysts have commented on Bottomline Technologies. Shares were Reiterated by Needham on Aug 26, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $30 .First Analysis Sec Initiated Bottomline Technologies on Jun 29, 2016 to “Overweight”, Price Target of the shares are set at $27.
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.