RBC Capital Initiates Coverage on Bottomline Technologies to Sector Perform

RBC Capital Initiates Coverage on Bottomline Technologies(NASDAQ:EPAY). The shares have been rated Sector Perform. The rating by RBC Capital was issued on Sep 30, 2016.

In a different note, On Aug 26, 2016, Canaccord Genuity said it Maintains its rating on Bottomline Technologies. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm.

Bottomline Technologies (EPAY) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -0.65% at a volume of 3,70,868. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.97. The peak price level was also seen at $22.97 while the days lowest was $22.7. Finally the shares closed at $22.78. The 52-week high of the shares is $31.58 while the 52-week low is $18.48. According to the latest information available, the market cap of the company is $935 M.

Bottomline Technologies(EPAY) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $88.11M. Analysts had an estimated revenue of $86.88M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Norman J Deluca (MD, Digital Banking) sold 2,500 shares at $22.77 per share price.Also, On Sep 14, 2016, John Francis Kelly (GM, Legal Solutions) sold 945 shares at $23.23 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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