Bottomline Technologies (NASDAQ:EPAY) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Bottomline Technologies (NASDAQ:EPAYGet Rating) in a report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Bottomline Technologies Price Performance

EPAY stock opened at $56.99 on Friday. The stock has a 50-day moving average price of $56.99 and a two-hundred day moving average price of $56.88. The stock has a market cap of $2.56 billion, a PE ratio of -113.98 and a beta of 1.27. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31. Bottomline Technologies has a 1 year low of $36.05 and a 1 year high of $56.99.

Hedge Funds Weigh In On Bottomline Technologies

A number of large investors have recently modified their holdings of EPAY. Bank of America Corp DE boosted its stake in shares of 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 worth $52,188,000 after buying an additional 866,563 shares during the last quarter. Clearfield Capital Management LP boosted its stake in shares of Bottomline Technologies by 583.0% during the 4th quarter. Clearfield Capital Management LP now owns 925,000 shares of the technology company’s stock worth $52,235,000 after buying an additional 789,565 shares during the last quarter. Omni Event Management Ltd acquired a new position in shares of Bottomline Technologies during the 1st quarter worth about $38,183,000. Syquant Capital Sas boosted its stake 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 worth $37,213,000 after buying an additional 530,980 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Bottomline Technologies by 33.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,181,247 shares of the technology company’s stock worth $66,705,000 after buying an additional 297,330 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.

Bottomline Technologies Company Profile

(Get Rating)

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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Analyst Recommendations for Bottomline Technologies (NASDAQ:EPAY)

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