StockNews.com Initiates Coverage on Bottomline Technologies (NASDAQ:EPAY) – Defense World
Posted by admin on Jun 3rd, 2022 
StockNews.com assumed coverage on shares of Bottomline Technologies (NASDAQ:EPAY – Get Rating) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.
Shares of NASDAQ:EPAY opened at $56.99 on Friday. Bottomline Technologies has a 52-week low of $36.05 and a 52-week high of $56.99. The company has a market cap of $2.56 billion, a P/E ratio of -113.98 and a beta of 1.27. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $55.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.35 and a current ratio of 1.35.
A number of hedge funds have recently added to or reduced their stakes in the stock. Eaton Vance Management grew its position in Bottomline Technologies by 1.4% during the fourth quarter. Eaton Vance Management now owns 18,025 shares of the technology company’s stock worth $929,000 after buying an additional 254 shares in the last quarter. Profund Advisors LLC grew its position in Bottomline Technologies by 6.2% during the first quarter. Profund Advisors LLC now owns 4,374 shares of the technology company’s stock worth $248,000 after buying an additional 254 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Bottomline Technologies by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 5,573 shares of the technology company’s stock worth $316,000 after buying an additional 288 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Bottomline Technologies by 7.3% during the third quarter. Advisor Group Holdings Inc. now owns 4,752 shares of the technology company’s stock worth $187,000 after buying an additional 323 shares in the last quarter. Finally, We Are One Seven LLC grew its position in Bottomline Technologies by 3.5% during the fourth quarter. We Are One Seven LLC now owns 10,049 shares of the technology company’s stock worth $567,000 after buying an additional 343 shares in the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.
Bottomline Technologies Company Profile (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.
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