Needham Keeps a Buy Rating on Bottomline Technologies (EPAY)

By Ryan Adsit

Needham analyst Mayank Tandon maintained a Buy rating on Bottomline Technologies (EPAYResearch Report) today and set a price target of $55.00. The company’s shares closed last Monday at $44.04.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 16.9% and a 60.1% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Sapiens International, and Exlservice Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bottomline Technologies with a $50.50 average price target, representing a 19.5% upside. In a report issued on November 5, Barrington also maintained a Buy rating on the stock with a $57.50 price target.

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Bottomline Technologies’ market cap is currently $1.85B and has a P/E ratio of 187.5. The company has a Price to Book ratio of 4.59.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EPAY in relation to earlier this year.

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. engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other.