Bottomline Technologies (EPAY) Received its Third Buy in a Row


After Craig-Hallum and Needham gave Bottomline Technologies (NASDAQ: EPAY) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies today. The company’s shares opened today at $59.33, close to its 52-week high of $60.90.

Prestopino said:

“We have an OUTPERFORM rating on the shares with an increase in our price target range to $60‐65 from $50‐55.”

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 14.6% and a 63.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.

Bottomline Technologies has an analyst consensus of Strong Buy, with a price target consensus of $65, implying a 9.6% upside from current levels. In a report issued on August 10, Needham also maintained a Buy rating on the stock with a $66 price target.

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Bottomline Technologies’ market cap is currently $2.27B and has a P/E ratio of 227.08. The company has a Price to Book ratio of 7.64.

Based on the recent corporate insider activity of 100 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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