Bottomline Technologies, Inc. (NASDAQ:EPAY) Stock Holdings Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY – Get Rating) by 26.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,642 shares of the technology company’s stock after selling 16,059 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Bottomline Technologies worth $2,530,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Pentwater Capital Management LP bought a new stake in Bottomline Technologies during the fourth quarter valued at $84,705,000. Clearfield Capital Management LP boosted its holdings in shares of Bottomline Technologies by 583.0% in the 4th quarter. Clearfield Capital Management LP now owns 925,000 shares of the technology company’s stock valued at $52,235,000 after buying an additional 789,565 shares during the period. Syquant Capital Sas grew its position in shares of Bottomline Technologies by 422.9% during the 1st quarter. Syquant Capital Sas now owns 656,540 shares of the technology company’s stock valued at $37,213,000 after buying an additional 530,980 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Bottomline Technologies in the fourth quarter worth about $26,842,000. Finally, Goldman Sachs Group Inc. boosted its stake in Bottomline Technologies by 33.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,181,247 shares of the technology company’s stock valued at $66,705,000 after acquiring an additional 297,330 shares during the period. Institutional investors and hedge funds own 92.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Bottomline Technologies in a report on Friday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.17.

Bottomline Technologies Stock Performance

NASDAQ:EPAY opened at $56.99 on Tuesday. The stock has a fifty day simple moving average of $56.99 and a 200 day simple moving average of $56.76. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -113.98 and a beta of 1.27. Bottomline Technologies, Inc. has a 1-year low of $36.05 and a 1-year high of $56.99. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.31.

Bottomline Technologies Profile

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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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