Bottomline Technologies Sees Sturdy Trading Volume Following Sturdy Earnings (EPAY)

Bottomline Technologies (NASDAQ:EPAY) shares saw unusually-higher trading volume on Friday following the firm announced greater than expected quarterly earnings, reports. Bottomline Technologies (de) (NASDAQ: EPAY) shares gained 12.03% to touch a new 52-week higher of $35.20 right after the firm reported upbeat Q1 benefits. Bottomline Technologies supplies collaborative payment, invoice and document automation options to corporations, financial institutions and banks around the globe. Serving industries such as monetary solutions, insurance coverage, well being care, technologies, communications, education, media, manufacturing and government, Bottomline gives products and solutions to about 80 of the Fortune 100 firms and 70 of the FTSE (Monetary Times) 100 businesses.

Please Note: Bottomline Technologies does not accept resumes submitted by recruiting firms unless particularly requested by Human Resources. Bottomline Transaction Centers enables firms to transform paper invoices into clean electronic data files – Version A single and quantity of others can do this. Every year Bottomline supports the United Way’s Annual Campaign, a plan created to raise awareness and produce funds to support the most pressing neighborhood wants. A close over this level would be bullish and I’d anticipate the stock to run to $25.

This employee committee identifies the demands of the communities in which Bottomline operates and then allocates funds in the company’s name to the organizations ideal suited to fulfill these wants. Via the employee decision charitable providing plan,personnel designate particular organizations to receive a donation from Bottomline in the employee’s name. Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, October 29th.

Bottomline encourages employee volunteerism, supporting the United Way’s Day of Caring and other volunteer opportunities presented all through the year. Craig Hallum cut shares of Bottomline Technologies from a buy” rating to a hold” rating and decreased their value target for the firm from $31.00 to $28.00 in a study report on Friday. Three analysts have rated the stock with a hold rating and two have issued a acquire rating to the company’s stock.

Canaccord Genuity reaffirmed a hold” rating and set a $28.00 value objective on shares of Bottomline Technologies in a analysis report on Monday, August 17th. Lastly, Zacks raised shares of Bottomline Technologies from a sell” rating to a hold” rating in a research report on Tuesday, August 18th. Shares of Bottomline Technologies (NASDAQ:EPAY) traded up 1.23% in the course of trading on Wednesday, hitting $28.02. The stock had a trading volume of 369,846 shares.