Bottomline Technologies (NASDAQ:EPAY) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Bottomline Technologies (NASDAQ:EPAYGet Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Bottomline Technologies Stock Performance

Shares of NASDAQ:EPAY opened at $56.99 on Friday. The company’s 50 day simple moving average is $56.99 and its 200 day simple moving average is $56.88. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -113.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.35. Bottomline Technologies has a 1 year low of $36.05 and a 1 year high of $56.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EPAY. Nisa Investment Advisors LLC increased its stake in Bottomline Technologies by 87.5% in the first quarter. Nisa Investment Advisors LLC now owns 2,785 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,300 shares during the last quarter. PenderFund Capital Management Ltd. bought a new position in Bottomline Technologies in the fourth quarter valued at approximately $207,000. Inspire Investing LLC bought a new position in Bottomline Technologies in the first quarter valued at approximately $237,000. Profund Advisors LLC grew its stake in shares of Bottomline Technologies by 6.2% during the first quarter. Profund Advisors LLC now owns 4,374 shares of the technology company’s stock worth $248,000 after buying an additional 254 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new stake in shares of Bottomline Technologies during the fourth quarter worth $288,000. 92.00% of the stock is owned by institutional investors.

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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