EPAY

Bottomline Technologies Inc

Finance/Real Estate, TMT


Presented:06/17/2020
Price:$50.41
Cap:$2.21B
Current Price:$56.99
Cap:$2.51B

Presented

Date06/17/2020
Price$50.41
Market Cap$2.21B
Ent Value$1.56B
P/E RatioN/A
Book Value$9.14
Div Yield0%
Shares O/S43.92M
Ave Daily Vol335,116
Short Int3.66%

Current

Price$56.99
Market Cap$2.51B
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.

Publicly traded companies mentioned herein: ACI Worldwide Inc (ACIW), Bank of America Corp (BAC), Bill.com Holdings Inc (BILL), Bottomline Technologies Inc (EPAY), Coupa Software Inc (COUP), Fiserv Inc (FISV), Visa Inc (V), 

Highlights

The presenter is long shares of Bottomline Technologies Inc (EPAY), a payment automation technology company, and sees significant upside to Street estimates, which have come down due to COVID-19. He expects EPAY's growth to accelerate due to increased demand for digital payment solutions, an expanded direct salesforce, and new bank partnerships in the B2B space, all of which leads him to a price target of ~$70/share (based on a 25x FCF multiple or ~40% upside, over the next few years).

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Idea Discussion

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