Brokerage Firm Rating Update on Bottomline Technologies (EPAY)

Bottomline Technologies (EPAY) : 7 analysts are covering Bottomline Technologies (EPAY) and their average rating on the stock is 2.57, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Bottomline Technologies (EPAY) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Bottomline Technologies (EPAY) : 4 Wall Street analysts covering Bottomline Technologies (EPAY) believe that the average level the stock could reach for the short term is $26.75. The maximum price target given is $30 and the minimum target for short term is around $24, hence the standard deviation is calculated at $2.75.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Canaccord Genuity maintains its outlook on Bottomline Technologies (NASDAQ:EPAY). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $28 per share to $25 per share. The rating by the firm was issued on August 26, 2016.

Bottomline Technologies (NASDAQ:EPAY): stock was range-bound between the intraday low of $23.57 and the intraday high of $23.88 after having opened at $23.62 on Wednesdays session. The stock finally closed in the red at $23.62, a loss of -0.11%. The stock remained in the red for the whole trading day. The total traded volume was 261,142 shares. The stock failed to cross $23.88 in Wednesdays trading. The stocks closing price on Thursday was $23.725.

Bottomline Technologies (de), Inc. is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. The Companys 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 customers 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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