Barrington Believes Bottomline Technologies (NASDAQ: EPAY) Won’t Stop Here


Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (NASDAQ: EPAY) today. The company’s shares closed yesterday at $39.73, close to its 52-week high of $40.97.

Prestopino noted:

“We believe that EPAY’s pipeline of new business opportunities remains robust and continues to build sequentially. EPAY’s balance sheet remains strong with $102 million in cash, up from $74 million at the end of Q2/18, with $150 million of borrowings under a credit facility and $298 million of stockholders’ equity. Free cash flow for the quarter totaled $25 million. Guidance for Q4/18 includes total revenue of $101 million, subscription and transaction revenue of $68 million, adjusted EBITDA of $22 million and core EPS of $0.29 bringing full‐year total core EPS to $1.16 versus a prior range of $1.13‐1.15. Adjusted EBITDA is tracking to $90 million for FY/18 versus a prior guidance range of $86‐87 million.”

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.3% and a 42.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Bottomline Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $46.

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The company has a one-year high of $40.97 and a one-year low of $23.62. Currently, Bottomline Technologies has an average volume of 327K.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

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Bottomline Technologies, Inc. provides trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. It operates through the following segments: Cloud Solutions, Digital Banking, Payments & Transactional Documents and Other.

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