State of Alaska Department of Revenue Sells 410 Shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) – Defense World
Posted by admin on Jul 3rd, 2022 
State of Alaska Department of Revenue trimmed its holdings in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY – Get Rating) by 1.5% during the first quarter, Holdings Channel.com reports. The fund owned 26,976 shares of the technology company’s stock after selling 410 shares during the quarter. State of Alaska Department of Revenue’s holdings in Bottomline Technologies were worth $1,528,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bardin Hill Management Partners LP bought a new position in Bottomline Technologies during the fourth quarter worth about $28,000. UMB Bank N A MO bought a new position in Bottomline Technologies in the 4th quarter valued at about $40,000. First Horizon Advisors Inc. increased its holdings in Bottomline Technologies by 147.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,142 shares of the technology company’s stock valued at $64,000 after buying an additional 681 shares during the period. Eagle Bay Advisors LLC increased its holdings in Bottomline Technologies by 46.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,359 shares of the technology company’s stock valued at $77,000 after buying an additional 431 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Bottomline Technologies by 116.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,485 shares of the technology company’s stock valued at $84,000 after buying an additional 800 shares during the period. 92.00% of the stock is currently owned by institutional investors and hedge funds.
EPAY opened at $56.99 on Friday. The company’s 50 day moving average is $56.89 and its 200-day moving average is $56.63. Bottomline Technologies, Inc. has a 1-year low of $36.05 and a 1-year high of $56.99. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.56 billion, a P/E ratio of -113.98 and a beta of 1.27.
Separately, StockNews.com assumed coverage on shares of Bottomline Technologies in a report on Monday, June 27th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.17.
About Bottomline Technologies (Get Rating)
Bottomline Technologies, Inc provides various solutions for the banking, financial services, insurance, healthcare, technology, retail, communications, education, media, manufacturing, and government industries. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Documents, and Other.
Further Reading
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