TimesSquare Capital Management LLC Sells 209,004 Shares of Bottomline Technologies (de), Inc. (NASDAQ:EPAY)

TimesSquare Capital Management LLC lessened its holdings in Bottomline Technologies (de), Inc. (NASDAQ:EPAY) by 26.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 576,475 shares of the technology company’s stock after selling 209,004 shares during the period. TimesSquare Capital Management LLC owned 1.28% of Bottomline Technologies (de) worth $26,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank raised its stake in Bottomline Technologies (de) by 3.4% in the 4th quarter. Amalgamated Bank now owns 7,268 shares of the technology company’s stock valued at $383,000 after acquiring an additional 237 shares during the period. Truvestments Capital LLC bought a new stake in Bottomline Technologies (de) in the 4th quarter valued at $35,000. JPMorgan Chase & Co. increased its position in Bottomline Technologies (de) by 38.0% during the 4th quarter. JPMorgan Chase & Co. now owns 46,835 shares of the technology company’s stock worth $2,470,000 after buying an additional 12,903 shares during the period. Glenmede Trust Co. NA increased its position in Bottomline Technologies (de) by 5.4% during the 4th quarter. Glenmede Trust Co. NA now owns 8,191 shares of the technology company’s stock worth $431,000 after buying an additional 422 shares during the period. Finally, Fisher Asset Management LLC increased its position in Bottomline Technologies (de) by 23.9% during the 1st quarter. Fisher Asset Management LLC now owns 130,442 shares of the technology company’s stock worth $5,903,000 after buying an additional 25,147 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Several research firms have weighed in on EPAY. Needham & Company LLC lowered their price objective on Bottomline Technologies (de) from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 5th. Craig Hallum reiterated a “hold” rating and set a $50.00 price objective on shares of Bottomline Technologies (de) in a research report on Tuesday, May 11th. Finally, Zacks Investment Research cut Bottomline Technologies (de) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Bottomline Technologies (de) currently has an average rating of “Hold” and an average price target of $55.21.

Shares of NASDAQ EPAY opened at $36.77 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. Bottomline Technologies has a 52 week low of $36.05 and a 52 week high of $55.09. The company has a market capitalization of $1.67 billion, a PE ratio of -131.32 and a beta of 1.31. The stock has a fifty day moving average of $42.14.

Bottomline Technologies (de) (NASDAQ:EPAY) last issued its quarterly earnings results on Monday, May 3rd. The technology company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Bottomline Technologies (de) had a positive return on equity of 2.88% and a negative net margin of 2.61%. The company had revenue of $120.90 million for the quarter, compared to analysts’ expectations of $120.94 million. During the same quarter last year, the business earned $0.27 earnings per share. Bottomline Technologies (de)’s revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Bottomline Technologies will post 0.18 earnings per share for the current year.

In related news, CEO Robert A. Eberle sold 2,342 shares of the firm’s stock in a transaction dated Tuesday, April 13th. The stock was sold at an average price of $45.87, for a total value of $107,427.54. Following the sale, the chief executive officer now directly owns 380,166 shares of the company’s stock, valued at $17,438,214.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Eberle sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $37.97, for a total value of $151,880.00. Following the completion of the sale, the chief executive officer now directly owns 372,917 shares in the company, valued at $14,159,658.49. The disclosure for this sale can be found here. Insiders sold 18,119 shares of company stock worth $773,670 over the last ninety days. 2.60% of the stock is currently owned by insiders.

Bottomline Technologies (de) Profile

Bottomline Technologies (de), 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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Institutional Ownership by Quarter for Bottomline Technologies (de) (NASDAQ:EPAY)

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