Marshall Wace North America L.P. Sells 88,365 Shares of Bottomline Technologies (NASDAQ:EPAY)

Marshall Wace North America L.P. reduced its stake in shares of Bottomline Technologies (NASDAQ:EPAY) by 91.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,551 shares of the technology company’s stock after selling 88,365 shares during the period. Marshall Wace North America L.P.’s holdings in Bottomline Technologies were worth $428,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EPAY. BlackRock Inc. boosted its holdings in Bottomline Technologies by 1.6% in the first quarter. BlackRock Inc. now owns 5,803,198 shares of the technology company’s stock worth $290,682,000 after purchasing an additional 91,051 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Bottomline Technologies by 2.4% during the first quarter. Conestoga Capital Advisors LLC now owns 1,913,436 shares of the technology company’s stock valued at $95,844,000 after buying an additional 45,679 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Bottomline Technologies by 57.0% during the first quarter. TimesSquare Capital Management LLC now owns 1,136,680 shares of the technology company’s stock valued at $56,936,000 after buying an additional 412,855 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Bottomline Technologies by 0.7% during the first quarter. Janus Henderson Group PLC now owns 839,382 shares of the technology company’s stock valued at $42,045,000 after buying an additional 5,746 shares during the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of Bottomline Technologies by 3.3% during the first quarter. North Star Asset Management Inc. now owns 740,228 shares of the technology company’s stock valued at $37,079,000 after buying an additional 23,605 shares during the last quarter. Institutional investors and hedge funds own 91.34% of the company’s stock.

Several research firms recently issued reports on EPAY. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target (up previously from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Barrington Research reaffirmed a “buy” rating on shares of Bottomline Technologies in a research note on Thursday, July 4th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, July 8th. Finally, Raymond James set a $60.00 price objective on shares of Banner and gave the stock a “buy” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $62.61.

EPAY stock traded down $0.34 during midday trading on Thursday, reaching $42.50. The company’s stock had a trading volume of 138,418 shares, compared to its average volume of 297,401. The stock’s 50-day moving average price is $44.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $1.86 billion, a PE ratio of 55.92 and a beta of 0.98. Bottomline Technologies has a 52 week low of $39.78 and a 52 week high of $74.05.

Bottomline Technologies (NASDAQ:EPAY) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.21. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. The company had revenue of $106.44 million for the quarter, compared to analyst estimates of $104.46 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that Bottomline Technologies will post 0.58 earnings per share for the current year.

In other news, insider Norman J. Deluca sold 9,925 shares of Bottomline Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.22, for a total value of $428,958.50. Following the completion of the transaction, the insider now owns 57,638 shares of the company’s stock, valued at approximately $2,491,114.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of Bottomline Technologies stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $44.97, for a total transaction of $89,940.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $269,820. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,314 shares of company stock worth $2,234,271. 2.40% of the stock is currently owned by company insiders.

Bottomline Technologies Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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

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