Bottomline Technologies (de) (NASDAQ:EPAY) Issues FY 2022 Earnings Guidance

Bottomline Technologies (de) (NASDAQ:EPAY) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.110-$1.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.140. The company issued revenue guidance of $520 million-$520 million, compared to the consensus revenue estimate of $520.06 million.Bottomline Technologies (de) also updated its Q2 2022 guidance to $0.240-$0.260 EPS.

Several brokerages have weighed in on EPAY. Needham & Company LLC raised their price objective on Bottomline Technologies (de) from $46.00 to $55.00 and gave the company a buy rating in a research note on Wednesday, November 10th. DA Davidson boosted their price objective on Bottomline Technologies (de) from $44.00 to $50.00 and gave the company a neutral rating in a research note on Tuesday, November 16th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on Bottomline Technologies (de) from $45.00 to $52.00 and gave the company a sector perform rating in a research note on Wednesday, November 10th. Craig Hallum lowered their price objective on Bottomline Technologies (de) from $50.00 to $45.00 and set a hold rating on the stock in a research note on Wednesday, August 11th. Finally, William Blair reaffirmed a market perform rating on shares of Bottomline Technologies (de) in a report on Wednesday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Bottomline Technologies (de) has a consensus rating of Hold and an average target price of $52.33.

Shares of Bottomline Technologies (de) stock traded up $0.18 during midday trading on Thursday, reaching $46.24. 172,201 shares of the company’s stock traded hands, compared to its average volume of 340,807. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $2.09 billion, a P/E ratio of -92.48 and a beta of 1.37. The company’s 50 day moving average is $42.86. Bottomline Technologies has a 12 month low of $36.05 and a 12 month high of $55.09.

Bottomline Technologies (de) (NASDAQ:EPAY) last issued its quarterly earnings results on Monday, November 8th. The technology company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). Bottomline Technologies (de) had a positive return on equity of 0.81% and a negative net margin of 4.47%. During the same period in the previous year, the firm earned $0.12 earnings per share. Research analysts anticipate that Bottomline Technologies will post 0.07 EPS for the current year.

In other news, insider Norman J. Deluca sold 5,000 shares of Bottomline Technologies (de) stock in a transaction that occurred on Wednesday, October 20th. The stock was sold at an average price of $45.00, for a total value of $225,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Eberle sold 1,393 shares of Bottomline Technologies (de) stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $42.60, for a total value of $59,341.80. The disclosure for this sale can be found here. Insiders sold 14,001 shares of company stock worth $599,702 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of Bottomline Technologies (de) by 138.2% in the 2nd quarter. Morgan Stanley now owns 718,992 shares of the technology company’s stock valued at $26,661,000 after buying an additional 417,173 shares during the period. LPL Financial LLC raised its holdings in Bottomline Technologies (de) by 36.1% in the 3rd quarter. LPL Financial LLC now owns 9,219 shares of the technology company’s stock worth $359,000 after purchasing an additional 2,444 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Bottomline Technologies (de) by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 424,058 shares of the technology company’s stock worth $16,658,000 after purchasing an additional 10,324 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Bottomline Technologies (de)

Bottomline Technologies, Inc engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management.

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Earnings History and Estimates for Bottomline Technologies (de) (NASDAQ:EPAY)

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