Bottomline Technologies Receives $42.23 Typical Target Value From Brokerages (NASDAQ

Shares of Bottomline Technologies (NASDAQ:EPAY) have been provided a consensus rating of Buy” by the seven study firms that are covering the firm, reports Two equities study analysts have rated the stock with a hold rating and five have provided a acquire rating to the company. Separately, analysts at Craig Hallum downgraded shares of Bottomline Technologies from a buy” rating to a hold” rating in a investigation note to investors on Tuesday. Analysts at DA Davidson raised their value target on shares of Bottomline Technologies to $28.00 in a study note to investors on Wednesday, February 1st. Bottomline Technologies has dropped 2.12% in the final five trading days, nevertheless, the shares have posted constructive gains of four.02% in the last four weeks.

Also, analysts at Needham & Firm raised their price target on shares of Bottomline Technologies from $29.00 to $33.00 in a analysis note to investors on Wednesday, February 1st. It also delivers Paymode-X, a SaaS offering that facilitates the exchange of electronic payments and invoices in between organizations and suppliers, and which is presented to buyers of Bank of America and Bottomline. Bottomline Technologies has a 52-week low of $17.73 and a 52-week higher of $29.80. The stock has a 50-day moving average of $27.93 and a 200-day moving typical of $23.58. The firm has a marketplace cap of $973.9 million and a price tag-to-earnings ratio of 28.03.

On a distinct note, The Business has disclosed insider getting and promoting activities to the Securities Exchange,The officer (GM, Legal Solutions) of Bottomline Technologies Inc /De/, Kelly John Francis sold 6,563 shares at $26.23 on August 27, 2015. Bottomline Technologies has dropped 9.57% throughout the last 3-month period Year-to-Date the stock overall performance stands at 2.41%. Searching to the near future, Wall Street brokerages have a one-year cost target of $30.833 on the stock. Sell-side brokerages use a selection of distinct terms for their ratings on the stock.

The analyst price targets on the stock range from $29 from the most bearish outlook to $32.5 from the most bullish analyst. This acquisition builds on the strategic perform Bank of America and Bottomline have forged to leverage the strengths and technologies of each and every. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bottomline Technologies, Paymode and the BT logo are trademarks of Bottomline Technologies (de), Inc. The ratio enhanced, as ten funds sold all Bottomline Technologies shares owned whilst 46 reduced positions. Conestoga Capital Advisors Llc holds two.71% of its portfolio in Bottomline Technologies for 1.41 million shares. The purchase price for the acquisition was USD 8 million, consisting of USD 1.2 million in money and roughly 206,000 shares of Bottomline frequent stock. Bottomline Technologies supplies cloud-primarily based payment, invoice and banking options to corporations, financial institutions and banks about the world.