North Star Asset Management INC Has Lowered Its Bottomline Technologies (EPAY) Holding as Market Value Rose

May 22, 2018 - By Henry Gaston

Bottomline Technologies (NASDAQ:de, Inc) LogoInvestors sentiment increased to 1.52 in Q4 2017. Its up 0.20, from 1.32 in 2017Q3. It is positive, as 11 investors sold EPAY shares while 47 reduced holdings. 38 funds opened positions while 50 raised stakes. 36.41 million shares or 5.76% less from 38.63 million shares in 2017Q3 were reported. Ameritas Investment Prns, a Nebraska-based fund reported 3,347 shares. State Of Tennessee Treasury Department reported 0% in Bottomline Technologies (NASDAQ:de, Inc). Pnc Fincl Ser Group invested 0% in Bottomline Technologies (NASDAQ:de, Inc). Pinebridge Limited Partnership invested 0.05% in Bottomline Technologies (NASDAQ:de, Inc). Federated Pa holds 0% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 16,549 shares. 15,600 are owned by Cornerstone Cap Mngmt. Piedmont Investment Limited Liability Corporation invested in 7,235 shares or 0.01% of the stock. Bluecrest Capital Management reported 0.01% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). Riverhead Capital Mgmt Ltd Limited Liability Company holds 3,518 shares. California State Teachers Retirement Sys holds 0% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 62,738 shares. Atlantic Trust Grp Llc has 0% invested in Bottomline Technologies (NASDAQ:de, Inc) for 10,085 shares. Great West Life Assurance Can reported 0% stake. Price T Rowe Associates Md has 20,204 shares. Prudential Fincl reported 0% stake. Bnp Paribas Arbitrage reported 15,582 shares or 0% of all its holdings.

Since December 7, 2017, it had 0 insider buys, and 10 sales for $2.54 million activity. 12,601 shares valued at $422,200 were sold by EBERLE ROBERT A on Thursday, December 7. Another trade for 9,708 shares valued at $326,007 was sold by DELUCA NORMAN J. On Monday, March 5 Booth Richard Douglas sold $218,864 worth of Bottomline Technologies (NASDAQ:de, Inc) or 5,660 shares. $74,256 worth of Bottomline Technologies (NASDAQ:de, Inc) shares were sold by GRAY JENNIFER M. 2,000 shares were sold by D’Amato Ken, worth $69,020 on Wednesday, December 13. On Wednesday, February 14 Kelly John Francis sold $92,637 worth of Bottomline Technologies (NASDAQ:de, Inc) or 2,538 shares.

North Star Asset Management Inc decreased its stake in Bottomline Technologies (EPAY) by 10.04% based on its latest 2017Q4 regulatory filing with the SEC. North Star Asset Management Inc sold 103,313 shares as the company’s stock rose 8.71% while stock markets declined. The institutional investor held 925,567 shares of the technology company at the end of 2017Q4, valued at $32.10 million, down from 1.03 million at the end of the previous reported quarter. North Star Asset Management Inc who had been investing in Bottomline Technologies for a number of months, seems to be less bullish one the $1.89 billion market cap company. The stock increased 0.64% or $0.295 during the last trading session, reaching $46.545. About 229,872 shares traded. Bottomline Technologies (NASDAQ:EPAY) has risen 58.92% since May 22, 2017 and is uptrending. It has outperformed by 47.37% the S&P500.

Bottomline Technologies (NASDAQ:de, Inc) Ratings Coverage

Among 6 analysts covering Bottomline Technologies (NASDAQ:EPAY), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Bottomline Technologies had 7 analyst reports since December 8, 2017 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $40.0 target in Thursday, January 4 report. On Friday, February 2 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Barrington on Tuesday, April 3 with “Buy”. Needham maintained the stock with “Buy” rating in Friday, May 4 report. Stephens maintained Bottomline Technologies (NASDAQ:de, Inc) rating on Friday, February 2. Stephens has “Hold” rating and $39.0 target. As per Friday, December 8, the company rating was maintained by Raymond James. On Wednesday, March 28 the stock rating was initiated by Citigroup with “Buy”.

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

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