As Bottomline Tech (EPAY) Share Value Rose, Bernzott Capital Advisors Has Trimmed Stake

July 13, 2018 - By Joseph Norton

Bottomline Technologies (NASDAQ:de, Inc) LogoInvestors sentiment increased to 1.63 in Q1 2018. 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. State Board Of Administration Of Florida Retirement Systems accumulated 38,142 shares or 0% of the stock. Psagot Invest House Limited invested in 0% or 1,900 shares. Savings Bank Of Ny Mellon Corp invested 0.01% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). Pinebridge Investments Limited Partnership reported 8,261 shares. Glenmede Trust Na has invested 0% in Bottomline Technologies (NASDAQ:de, Inc). Services Automobile Association reported 6,070 shares. Bankshares Of Montreal Can reported 2,144 shares stake. Louisiana State Employees Retirement Systems reported 15,400 shares. Parallax Volatility Advisers Ltd Partnership reported 326 shares or 0% of all its holdings. Balyasny Asset Management Lc holds 0.01% or 53,074 shares in its portfolio. California State Teachers Retirement Sys holds 0.01% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 60,550 shares. Thompson Davis & Com Incorporated invested 0.1% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). California Employees Retirement accumulated 0% or 86,875 shares. Whittier Co Of Nevada invested in 0% or 117 shares. Parametric Port Associates Lc owns 114,483 shares or 0% of their US portfolio.

Since February 14, 2018, it had 1 insider purchase, and 12 insider sales for $3.57 million activity. $912,030 worth of stock was sold by EBERLE ROBERT A on Wednesday, May 23. The insider DELUCA NORMAN J sold 10,000 shares worth $446,822. SAVORY NIGEL K sold 11,125 shares worth $435,390. Kelly John Francis sold 2,709 shares worth $116,893. 2,000 Bottomline Technologies (NASDAQ:de, Inc) shares with value of $97,921 were sold by D’Amato Ken. Shares for $74,256 were sold by GRAY JENNIFER M.

Bernzott Capital Advisors decreased its stake in Bottomline Tech (EPAY) by 7.56% based on its latest 2018Q1 regulatory filing with the SEC. Bernzott Capital Advisors sold 81,525 shares as the company’s stock rose 25.32% while stock markets declined. The institutional investor held 996,640 shares of the technology company at the end of 2018Q1, valued at $38.62M, down from 1.08 million 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 less bullish one the $2.22B market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $54.36. About 144,665 shares traded. Bottomline Technologies (NASDAQ:EPAY) has risen 89.43% since July 13, 2017 and is uptrending. It has outperformed by 76.86% the S&P500.

Bernzott Capital Advisors, which manages about $528.67M and $770.02M US Long portfolio, upped its stake in Compass Minerals (NYSE:CMP) by 92,725 shares to 480,968 shares, valued at $29.00M in 2018Q1, according to the filing.

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 had 5 analyst reports since February 2, 2018 according to SRatingsIntel. The firm has “Buy” rating by Barrington given on Tuesday, April 3. The company was maintained on Friday, February 2 by Stephens. Citigroup initiated Bottomline Technologies (NASDAQ:de, Inc) on Wednesday, March 28 with “Buy” rating. Needham maintained it with “Buy” rating and $4800 target in Friday, May 4 report. RBC Capital Markets maintained the stock with “Hold” rating in Friday, February 2 report.

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

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