As Bottomline Tech Del INC (EPAY) Stock Value Rose, Shannon River Fund Management LLC Decreased Stake

June 14, 2018 - By Linda Rogers

Bottomline Technologies (NASDAQ:de, Inc) LogoInvestors sentiment increased to 1.63 in 2018 Q1. Its up 0.11, from 1.52 in 2017Q4. It improved, as 10 investors sold EPAY shares while 60 reduced holdings. 57 funds opened positions while 57 raised stakes. 37.89 million shares or 4.07% more from 36.41 million shares in 2017Q4 were reported. Arizona State Retirement Systems invested in 0.02% or 54,858 shares. Thrivent Fincl For Lutherans accumulated 22,623 shares or 0% of the stock. Robeco Institutional Asset Mgmt Bv holds 0% in Bottomline Technologies (NASDAQ:de, Inc) or 24,130 shares. Fisher Asset Management Limited Company holds 0.05% in Bottomline Technologies (NASDAQ:de, Inc) or 1.09M shares. Psagot House Ltd stated it has 0% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). First Trust Advsr Limited Partnership has 0.01% invested in Bottomline Technologies (NASDAQ:de, Inc) for 56,635 shares. Lazard Asset has invested 0.03% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). 401,392 were reported by Eagle Boston Invest Mgmt. Price T Rowe Associate Inc Md accumulated 0% or 20,282 shares. Arrowstreet Capital Ltd Partnership holds 0.04% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 501,463 shares. Hudson Bay LP accumulated 247,799 shares. Aristotle Capital Boston Ltd Company accumulated 1.6% or 879,130 shares. Great West Life Assurance Communication Can owns 45,635 shares. 48,743 are held by Roanoke Asset Management Ny. Mason Street Advsrs Limited Liability Com invested in 9,655 shares or 0.01% of the stock.

Since February 14, 2018, it had 1 insider buy, and 11 selling transactions for $3.47 million activity. On Friday, May 11 the insider DELUCA NORMAN J sold $446,822. GRAY JENNIFER M had sold 2,000 shares worth $74,256. $92,637 worth of stock was sold by Kelly John Francis on Wednesday, February 14. 3,000 shares valued at $149,286 were sold by MULLEN JOSEPH L on Friday, June 8. $435,390 worth of Bottomline Technologies (NASDAQ:de, Inc) shares were sold by SAVORY NIGEL K. 19,591 Bottomline Technologies (NASDAQ:de, Inc) shares with value of $912,030 were sold by EBERLE ROBERT A.

Spencer M. Waxman decreased its stake in Bottomline Tech Del Inc (EPAY) by 19.74% based on its latest 2018Q1 regulatory filing with the SEC. Shannon River Fund Management Llc sold 198,000 shares as the company’s stock rose 25.32% while stock markets declined. The hedge fund run by Spencer M. Waxman held 805,074 shares of the technology company at the end of 2018Q1, valued at $31.20 million, down from 1.00 million at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in Bottomline Tech Del Inc for a number of months, seems to be less bullish one the $2.00 billion market cap company. The stock decreased 1.35% or $0.67 during the last trading session, reaching $48.98. About 606,391 shares traded or 56.72% up from the average. Bottomline Technologies (NASDAQ:EPAY) has risen 89.43% since June 14, 2017 and is uptrending. It has outperformed by 76.86% the S&P500.

Another recent and important Bottomline Technologies (NASDAQ:de, Inc) news was published by Seekingalpha.com which published an article titled: “Tintri: The Swan Song” on May 24, 2018.

Bottomline Technologies (NASDAQ:de, Inc) Ratings Coverage

Among 5 analysts covering Bottomline Technologies (NASDAQ:EPAY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bottomline Technologies has $4800 highest and $39.0 lowest target. $43.75’s average target is -10.68% below currents $48.98 stock price. Bottomline Technologies had 6 analyst reports since January 4, 2018 according to SRatingsIntel. Stephens maintained it with “Hold” rating and $39.0 target in Friday, February 2 report. The firm has “Hold” rating given on Friday, February 2 by RBC Capital Markets. The rating was maintained by Barrington with “Buy” on Tuesday, April 3. Needham maintained Bottomline Technologies (NASDAQ:de, Inc) on Friday, May 4 with “Buy” rating. The stock of Bottomline Technologies (NASDAQ:de, Inc) has “Hold” rating given on Thursday, January 4 by RBC Capital Markets. The rating was initiated by Citigroup with “Buy” on Wednesday, March 28.

Bottomline Technologies (NASDAQ:de, Inc) Institutional Positions Chart

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