Barrington Sticks to Their Buy Rating for Bottomline Technologies


Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (NASDAQ: EPAY) today and set a price target of $40. The company’s shares closed yesterday at $39.52, 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.”

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.6% and a 43.5% 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 $41.83.

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Based on Bottomline Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $95.2 million and quarterly net profit of $3.09 million. In comparison, last year the company earned revenue of $86.1 million and had a GAAP net loss of $6.62 million.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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