Bottomline Technologies (NASDAQ:EPAY) Sets New 12-Month High at $56.99

Bottomline Technologies, Inc. (NASDAQ:EPAYGet Rating) shares hit a new 52-week high during trading on Thursday . The company traded as high as $56.99 and last traded at $56.99, with a volume of 4800 shares trading hands. The stock had previously closed at $56.99.

Separately, StockNews.com started coverage on shares of Bottomline Technologies in a research note on Saturday, June 11th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.17.

The company’s fifty day moving average price is $56.85 and its two-hundred day moving average price is $55.85. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.56 billion, a P/E ratio of -113.98 and a beta of 1.27.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Bottomline Technologies by 1,598.9% during the 1st quarter. Bank of America Corp DE now owns 920,762 shares of the technology company’s stock valued at $52,188,000 after purchasing an additional 866,563 shares during the period. Walleye Capital LLC lifted its position in Bottomline Technologies by 104.9% during the 1st quarter. Walleye Capital LLC now owns 70,426 shares of the technology company’s stock valued at $3,992,000 after purchasing an additional 36,057 shares during the period. Keeley Teton Advisors LLC acquired a new position in Bottomline Technologies during the 1st quarter valued at about $431,000. Gabelli Funds LLC lifted its position in Bottomline Technologies by 275.0% during the 1st quarter. Gabelli Funds LLC now owns 228,834 shares of the technology company’s stock valued at $12,970,000 after purchasing an additional 167,815 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Bottomline Technologies by 392.4% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 131,432 shares of the technology company’s stock valued at $7,450,000 after acquiring an additional 104,741 shares during the period. Institutional investors and hedge funds own 92.00% of the company’s stock.

Bottomline Technologies Company Profile (NASDAQ:EPAY)

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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