Mirae Asset Global Investments Co. Ltd. Has $6.24 Million Holdings in Bottomline Technologies, Inc. (NASDAQ:EPAY)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Bottomline Technologies, Inc. (NASDAQ:EPAYGet Rating) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,087 shares of the technology company’s stock after selling 22,430 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bottomline Technologies were worth $6,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Bottomline Technologies by 730.7% in the fourth quarter. JPMorgan Chase & Co. now owns 307,467 shares of the technology company’s stock valued at $17,364,000 after purchasing an additional 270,452 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of Bottomline Technologies by 79.1% in the first quarter. WINTON GROUP Ltd now owns 61,050 shares of the technology company’s stock valued at $3,460,000 after purchasing an additional 26,966 shares during the last quarter. PEAK6 Investments LLC acquired a new position in shares of Bottomline Technologies in the fourth quarter valued at approximately $288,000. Inspire Investing LLC acquired a new position in shares of Bottomline Technologies in the first quarter valued at approximately $237,000. Finally, IndexIQ Advisors LLC acquired a new position in shares of Bottomline Technologies in the first quarter valued at approximately $16,316,000. Institutional investors and hedge funds own 92.00% of the company’s stock.

Bottomline Technologies Stock Performance

Shares of EPAY stock opened at $56.99 on Thursday. 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 stock has a market cap of $2.56 billion, a P/E ratio of -113.98 and a beta of 1.27. The stock has a 50 day simple moving average of $56.99 and a 200 day simple moving average of $56.88. Bottomline Technologies, Inc. has a 1 year low of $36.05 and a 1 year high of $56.99.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Bottomline Technologies in a research report on Thursday, September 15th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.17.

About Bottomline Technologies

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

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