Vista Equity Partners Management buys $11,222,979 stake in Bottomline Technologies (EPAY)

Bottomline Technologies (EPAY) : Vista Equity Partners Management scooped up 60,245 additional shares in Bottomline Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 461,851 shares of Bottomline Technologies which is valued at $11,222,979.Bottomline Technologies makes up approximately 8.05% of Vista Equity Partners Management’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in EPAY during the most recent quarter. The investment firm sold 23,788 shares of EPAY which is valued $567,344.Blackrock Institutional Trust Company N.a. reduced its stake in EPAY by selling 39,915 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 1,004,690 shares of EPAY which is valued at $22,474,915.Blackrock Fund Advisors boosted its stake in EPAY in the latest quarter, The investment management firm added 171,834 additional shares and now holds a total of 2,650,605 shares of Bottomline Technologies which is valued at $59,294,034. Bottomline Technologies makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.

Bottomline Technologies opened for trading at $24.84 and hit $25 on the upside on Monday, eventually ending the session at $24.94, with a gain of 0.52% or 0.13 points. The heightened volatility saw the trading volume jump to 2,89,547 shares. Company has a market cap of $1,011 M.

On the company’s financial health, Bottomline Technologies reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.17. The company had revenue of $83.08 million for the quarter, compared to analysts expectations of $84.37 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Bottomline Technologies. RBC Capital Mkts Initiated Bottomline Technologies on Sep 30, 2016 to “Sector Perform”, Price Target of the shares are set at $26.Shares were Reiterated by Needham on Aug 26, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $30 .

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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