Bottomline Technologies, Inc. (NASDAQ:EPAY) Expected to Post Quarterly Sales of $134.74 Million

Analysts forecast that Bottomline Technologies, Inc. (NASDAQ:EPAYGet Rating) will post sales of $134.74 million for the current quarter, Zacks reports. Three analysts have provided estimates for Bottomline Technologies’ earnings, with the highest sales estimate coming in at $135.53 million and the lowest estimate coming in at $134.00 million. Bottomline Technologies reported sales of $120.89 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Bottomline Technologies will report full year sales of $521.43 million for the current year, with estimates ranging from $520.60 million to $522.00 million. For the next financial year, analysts forecast that the firm will post sales of $584.05 million, with estimates ranging from $579.30 million to $587.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Bottomline Technologies.

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Zacks Investment Research downgraded shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 19th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Bottomline Technologies currently has a consensus rating of “Hold” and an average price target of $54.17.

Shares of NASDAQ:EPAY opened at $56.55 on Friday. The company’s 50-day moving average is $56.68 and its 200 day moving average is $53.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $2.54 billion, a P/E ratio of -113.10 and a beta of 1.27. Bottomline Technologies has a fifty-two week low of $36.05 and a fifty-two week high of $56.92.

In other news, Director Nigel K. Savory sold 5,459 shares of the company’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $56.66, for a total transaction of $309,306.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Eberle sold 6,889 shares of the company’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $56.66, for a total value of $390,330.74. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pentwater Capital Management LP bought a new stake in shares of Bottomline Technologies during the fourth quarter valued at about $84,705,000. Goldman Sachs Group Inc. increased its position in shares of Bottomline Technologies by 33.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,181,247 shares of the technology company’s stock valued at $66,705,000 after buying an additional 297,330 shares during the period. Morgan Stanley increased its position in shares of Bottomline Technologies by 53.3% during the third quarter. Morgan Stanley now owns 1,102,116 shares of the technology company’s stock valued at $43,291,000 after buying an additional 383,124 shares during the period. Invesco Ltd. increased its position in shares of Bottomline Technologies by 8.4% in the fourth quarter. Invesco Ltd. now owns 1,062,808 shares of the technology company’s stock worth $60,016,000 after purchasing an additional 81,919 shares during the last quarter. Finally, Clearfield Capital Management LP increased its position in shares of Bottomline Technologies by 583.0% in the fourth quarter. Clearfield Capital Management LP now owns 925,000 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 789,565 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

About Bottomline Technologies (Get Rating)

Bottomline Technologies, Inc provides various solutions for the banking, financial services, insurance, healthcare, technology, retail, communications, education, media, manufacturing, and government industries. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Documents, and Other.

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