Loading...
Loading...
DA Davidson maintains its Neutral rating on Bottomline Technologies
EPAY on valuation grounds and raises its price target to $28 from $26 to reflect steady progress and solid execution from the company.
DA Davidson says, "Total revenue increased 24.4% to $55.1 million, which was $1 million ahead of our estimate. Subscription and transactions were the source of the outperformance and were up 46.2% from a year ago. Software Licenses increased 5.3% from a year ago. Excluding acquisition-related expenses, stock compensation, and acquired amortization, core EPS was $0.27, ahead of our $0.26 estimate and the $0.26 consensus."
EPAY closed at $27.34 a share yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in