In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Bottomline Technologies (EPAY), with a price target of $57.50. The company’s shares opened today at $44.96, close to its 52-week low of $39.78.
Prestopino wrote:
“We believe that EPAY’s three core solutions of PayModeX, Digital Banking and Legal Spend Management afford significant long‐term growth potential that does not necessitate the need for acquisitions to attain growth objectives.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.5% and a 36.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Currently, the analyst consensus on Bottomline Technologies is a Moderate Buy with an average price target of $57.25.
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The company has a one-year high of $74.05 and a one-year low of $39.78. Currently, Bottomline Technologies has an average volume of 253.5K.
Based on the recent corporate insider activity of 88 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.
