Barrington Sticks to Its Buy Rating for Bottomline Technologies (EPAY)

Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (EPAYResearch Report) on May 3 and set a price target of $57.50. The company’s shares closed last Thursday at $37.39.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 40.5% and a 58.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bottomline Technologies with a $51.58 average price target, representing a 36.0% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $50.00 price target.

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The company has a one-year high of $55.63 and a one-year low of $37.61. Currently, Bottomline Technologies has an average volume of 306K.

Based on the recent corporate insider activity of 98 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. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management. The Banking Solutions segment offers solutions that are specifically designed for banking and financial institution customers. The Payments and Transactional Documents segment supplies software products that provide a range of financial business process management solutions including making and collecting payments, sending and receiving invoices, and generating and storing business documents. The Other segment consists healthcare and cyber fraud and risk management solutions. The company was founded by Daniel M. McGurl and James L. Loomis in May 1989 and is headquartered in Portsmouth, NH.