Bottomline Tech (EPAY) Position Has Upped by Bernzott Capital Advisors

September 27, 2017 - By Henry Gaston

Investors sentiment decreased to 1.39 in Q2 2017. Its down 0.66, from 2.05 in 2017Q1. It fall, as 14 investors sold EPAY shares while 45 reduced holdings. 32 funds opened positions while 50 raised stakes. 34.46 million shares or 4.46% less from 36.07 million shares in 2017Q1 were reported. 251,300 are owned by Renaissance Limited Liability. Fisher Asset Limited Company accumulated 0.02% or 533,396 shares. Bessemer Grp Inc, a New Jersey-based fund reported 22,600 shares. Bogle Inv Mngmt LP De invested 0.1% in Bottomline Technologies (NASDAQ:EPAY). Public Sector Pension Inv Board holds 0% of its portfolio in Bottomline Technologies (NASDAQ:EPAY) for 19,476 shares. Ahl Partners Limited Liability Partnership invested in 0.02% or 32,133 shares. Bernzott Capital Advisors holds 984,945 shares. Martingale Asset Mngmt Ltd Partnership invested 0.02% in Bottomline Technologies (NASDAQ:EPAY). 906,505 are owned by Mesirow Financial Inv Mgmt. Aristotle Boston Limited Liability Corp has invested 1.02% in Bottomline Technologies (NASDAQ:EPAY). Oppenheimer reported 201,810 shares or 0.14% of all its holdings. Envestnet Asset Mgmt Inc has invested 0% of its portfolio in Bottomline Technologies (NASDAQ:EPAY). Louisiana State Employees Retirement System reported 14,700 shares. Citigroup owns 41,207 shares. Nationwide Fund Advisors stated it has 314,559 shares or 0.03% of all its holdings.

Since May 15, 2017, it had 0 insider purchases, and 3 sales for $204,932 activity. Kelly John Francis also sold $64,819 worth of Bottomline Technologies (NASDAQ:EPAY) shares.

Bernzott Capital Advisors increased its stake in Bottomline Tech (EPAY) by 17.26% based on its latest 2017Q2 regulatory filing with the SEC. Bernzott Capital Advisors bought 144,975 shares as the company’s stock declined 3.41% while stock markets rallied. The institutional investor held 984,945 shares of the technology company at the end of 2017Q2, valued at $25.30 million, up from 839,970 at the end of the previous reported quarter. Bernzott Capital Advisors who had been investing in Bottomline Tech for a number of months, seems to be bullish on the $1.28 billion market cap company. The stock increased 0.63% or $0.2 during the last trading session, reaching $31.79. About shares traded. Bottomline Technologies (NASDAQ:EPAY) has risen 2.88% since September 27, 2016 and is uptrending. It has underperformed by 13.82% the S&P500.

More notable recent Bottomline Technologies (NASDAQ:EPAY) news were published by: Forbes.com which released: “Bottomline Technologies Reaches Analyst Target Price” on February 03, 2017, also Seekingalpha.com with their article: “Bottomline Technologies’ (EPAY) CEO Rob Eberle on Q2 2017 Results – Earnings …” published on February 02, 2017, Seekingalpha.com published: “Bottomline Technologies’ (EPAY) CEO Rob Eberle on Q3 2017 Results – Earnings …” on April 29, 2017. More interesting news about Bottomline Technologies (NASDAQ:EPAY) were released by: Seekingalpha.com and their article: “Bottomline Technologies (EPAY) Q4 2017 Results – Earnings Call Transcript” published on August 11, 2017 as well as Globenewswire.com‘s news article titled: “Bottomline Technologies to Announce Fourth Quarter Fiscal 2017 Financial …” with publication date: July 25, 2017.

Bottomline Technologies (NASDAQ:EPAY) Ratings Coverage

Among 7 analysts covering Bottomline Technologies (NASDAQ:EPAY), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Bottomline Technologies has $3500 highest and $25 lowest target. $30.80’s average target is -3.11% below currents $31.79 stock price. Bottomline Technologies had 17 analyst reports since August 10, 2015 according to SRatingsIntel. On Friday, October 30 the stock rating was downgraded by Craig Hallum to “Hold”. The firm has “Buy” rating by Needham given on Friday, August 26. The stock of Bottomline Technologies (NASDAQ:EPAY) earned “Market Perform” rating by William Blair on Friday, April 29. The stock has “Overweight” rating by First Analysis on Wednesday, June 29. The stock of Bottomline Technologies (NASDAQ:EPAY) earned “Buy” rating by Raymond James on Monday, July 17. The firm earned “Sell” rating on Tuesday, August 18 by Zacks. RBC Capital Markets maintained Bottomline Technologies (NASDAQ:EPAY) rating on Wednesday, July 5. RBC Capital Markets has “Hold” rating and $2600 target. RBC Capital Markets initiated the shares of EPAY in report on Friday, September 30 with “Sector Perform” rating. As per Monday, August 10, the company rating was downgraded by Zacks. The stock of Bottomline Technologies (NASDAQ:EPAY) has “Hold” rating given on Monday, September 11 by RBC Capital Markets.

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