Shannon River Fund Management LLC Lifted Holding in Bottomline Tech Del INC (EPAY) by $13.77 Million as Market Value Declined

February 15, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.32 in Q3 2017. Its down 0.07, from 1.39 in 2017Q2. It is negative, as 14 investors sold EPAY shares while 48 reduced holdings. 28 funds opened positions while 54 raised stakes. 38.63 million shares or 12.11% more from 34.46 million shares in 2017Q2 were reported. Moreover, Bessemer Group has 0.01% invested in Bottomline Technologies (NASDAQ:de, Inc) for 50,300 shares. Public Sector Pension Investment Board, a Quebec – Canada-based fund reported 22,829 shares. Natixis invested in 55,455 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,379 shares or 0% of all its holdings. Morgan Stanley holds 0% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 73,055 shares. Atria Invests reported 0.02% stake. 2,918 are owned by Riverhead Capital Mngmt Lc. Bbva Compass State Bank Inc holds 14,961 shares. Trexquant Investment LP holds 7,946 shares or 0.06% of its portfolio. Franklin Resources owns 1.02M shares or 0.02% of their US portfolio. Bancorp Of Mellon owns 0% invested in Bottomline Technologies (NASDAQ:de, Inc) for 485,446 shares. Pnc Grp stated it has 0% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc). Parametric Portfolio Associates Llc holds 0.01% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 190,805 shares. Conestoga Capital Ltd holds 2.38% or 1.69 million shares. Mason Street Advsrs Ltd Co holds 0.01% of its portfolio in Bottomline Technologies (NASDAQ:de, Inc) for 9,155 shares.

Since August 16, 2017, it had 0 insider buys, and 4 selling transactions for $869,594 activity. D’Amato Ken sold $69,020 worth of Bottomline Technologies (NASDAQ:de, Inc) on Wednesday, December 13. EBERLE ROBERT A had sold 12,601 shares worth $422,200. DELUCA NORMAN J had sold 9,708 shares worth $326,007.

Spencer M. Waxman increased its stake in Bottomline Tech Del Inc (EPAY) by 82.21% based on its latest 2017Q3 regulatory filing with the SEC. Shannon River Fund Management Llc bought 444,126 shares as the company’s stock declined 3.41% while stock markets rallied. The hedge fund run by Spencer M. Waxman held 984,374 shares of the technology company at the end of 2017Q3, valued at $31.33 million, up from 540,248 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 bullish on the $1.51B market cap company. The stock increased 0.68% or $0.25 during the last trading session, reaching $37.21. About 72,808 shares traded. Bottomline Technologies (NASDAQ:EPAY) has risen 2.88% since February 15, 2017 and is uptrending. It has underperformed by 13.82% the S&P500.

Shannon River Fund Management Llc, which manages about $2.55 billion and $305.64M US Long portfolio, decreased its stake in Nuance Communications Inc (NASDAQ:NUAN) by 1.51M shares to 832,290 shares, valued at $13.08M in 2017Q3, according to the filing. It also reduced its holding in Realpage Inc (NASDAQ:RP) by 173,377 shares in the quarter, leaving it with 229,457 shares, and cut its stake in Blackline Inc.

Bottomline Technologies (NASDAQ:de, Inc) Ratings Coverage

Among 8 analysts covering Bottomline Technologies (NASDAQ:EPAY), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Bottomline Technologies had 24 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained Bottomline Technologies (NASDAQ:de, Inc) on Thursday, August 10 with “Hold” rating. The stock of Bottomline Technologies (NASDAQ:de, Inc) earned “Hold” rating by Craig Hallum on Friday, October 30. The stock has “Buy” rating by Raymond James on Monday, July 17. RBC Capital Markets maintained Bottomline Technologies (NASDAQ:de, Inc) rating on Thursday, January 4. RBC Capital Markets has “Hold” rating and $40.0 target. The stock of Bottomline Technologies (NASDAQ:de, Inc) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 30. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, November 2 report. William Blair downgraded Bottomline Technologies (NASDAQ:de, Inc) on Friday, April 29 to “Market Perform” rating. The stock of Bottomline Technologies (NASDAQ:de, Inc) earned “Sell” rating by Zacks on Tuesday, August 18. The firm has “Overweight” rating given on Wednesday, June 29 by First Analysis. The stock has “Buy” rating by Needham on Friday, November 3.

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