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  • Bottomline Technologies' (EPAY) Payment Businesses And Recent Acquisitions Drive Growth In The Near And Long Term 0 comments
    Nov 20, 2013 2:48 PM | about stocks: EPAY

    Bottomline Technologies (NASDAQ:EPAY), a company that provides cloud-based payment, invoice and banking solutions, is eyeing both near- and long-term growth drivers with its recent acquisitions as well as the success of its Legal eXchange and Paymode-X businesses, says Brett Huff, Research Analyst at Stephens Inc.

    "I think [these] are good acquisitions. They add to a relatively underappreciated business line that Bottomline has called SWIFT bureaus. So SWIFT is an international network for financial institutions and corporations to pass financial data back and forth in a secure way. That's a business of EPAY's that we think is largely underappreciated, and we think that these acquisitions they did give them additional scale in that business," Huff said.

    FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE.

    While the SWIFT business is a promising growth driver over the long term for EPAY, Huff points to the company's other businesses as growth areas that will drive the stock in the near term.

    "There are other parts of the Bottomline story that will more likely drive near-term stock appreciation, including the growth in the Legal eXchange business, which is legal spend automation software as a service, and the Paymode-X business, which is a business-to-business payment network. We think those are the two more important businesses relative to the things that are going to drive the stock, more likely in the near term, though like I said, I do like the two acquisitions that they did," Huff said.

    See more at: http://www.twst.com/news/1261-bottomline-technologies8217-epay-payment-businesses-and-rece#sthash.GlNU0STk.dpuf

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    Stocks: EPAY
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