Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (EPAY) today. The company’s shares opened today at $51.93.
Prestopino said:
“We have an OUTPERFORM rating on the shares. Company Description Bottomline Technologies, Inc. engages in the provision of cloud‐based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. It operates through the following segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management. The Banking Solutions segment offers solutions that are specifically designed for banking and financial institution customers.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 2.3% and a 45.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bottomline Technologies with a $68.20 average price target.
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Based on Bottomline Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.75 million. In comparison, last year the company had a GAAP net loss of $4.24 million.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock.
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Bottomline Technologies, Inc. engages in the provision of cloud-based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. It operates through the following segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other.
