First Analysis Initiates Coverage on Bottomline Technologies to Overweight

First Analysis Initiates Coverage on Bottomline Technologies(NASDAQ:EPAY). The shares have been rated Overweight. The rating by First Analysis was issued on Jun 29, 2016.

In a different note, On Apr 29, 2016, Raymond James said it Downgrades its rating on Bottomline Technologies. The shares have been rated ‘Market Perform’ by the firm. On Apr 29, 2016, William Blair said it Downgrades its rating on Bottomline Technologies. The shares have been rated ‘Market Perform’ by the firm.

Bottomline Technologies (EPAY) made into the market gainers list on Fridays trading session with the shares advancing 1.76% or 0.38 points. Due to strong positive momentum, the stock ended at $21.91, which is also near the day’s high of $21.92. The stock began the session at $21.53 and the volume stood at 3,78,750 shares. The 52-week high of the shares is $31.58 and the 52 week low is $20.44. The company has a current market capitalization of $897 M and it has 4,09,25,732 shares in outstanding.

Bottomline Technologies(EPAY) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $86.23M. Analysts had an estimated revenue of $88.15M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $24.26 per share price.Also, On Jun 14, 2016, John Francis Kelly (GM, Legal Solutions) sold 944 shares at $24.22 per share price.On May 9, 2016, Joseph L Mullen (director) purchased 3,000 shares at $24.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Bottomline Technologies (de) Inc. is a provider of cloud-based digital banking fraud prevention payment financial document insurance and healthcare solutions. The Company’s segments include Payments and Transactional Documents Hosted Solutions and Digital Banking. The Company offers hosted or Software as a Service (SaaS) solutions as well as software designed to run on-site at the customer’s location. The Payments and Transactional Documents segment is a supplier of software products that provide financial business process management solutions including making and collecting payments sending and receiving invoices and generating and storing business documents. The Hosted Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment electronic invoicing and spend management. The Digital Banking segment provides solutions to banking and financial institution customers.

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