Universal Forest Products, Inc. (UFPI) Is At $33.41 Formed Wedge; Bottomline Technologies (EPAY) Sentiment Is 1.52

April 17, 2018 - By Annabelle Johnson

Bottomline Technologies (NASDAQ:de, Inc) Logo

Universal Forest Products, Inc. (UFPI) formed wedge down with $32.07 target or 4.00% below today’s $33.41 share price. Universal Forest Products, Inc. (UFPI) has $2.05 billion valuation. The stock increased 1.18% or $0.39 during the last trading session, reaching $33.41. About 203,951 shares traded. Universal Forest Products, Inc. (NASDAQ:UFPI) has declined 1.02% since April 17, 2017 and is downtrending. It has underperformed by 12.57% the S&P500.

Bottomline Technologies Inc (EPAY) investors sentiment increased to 1.52 in Q4 2017. It’s up 0.20, from 1.32 in 2017Q3. The ratio has increased, as 88 active investment managers increased and opened new holdings, while 58 reduced and sold their stakes in Bottomline Technologies Inc. The active investment managers in our database reported: 36.41 million shares, down from 38.63 million shares in 2017Q3. Also, the number of active investment managers holding Bottomline Technologies Inc in top ten holdings was flat from 5 to 5 for the same number . Sold All: 11 Reduced: 47 Increased: 50 New Position: 38.

The stock increased 2.01% or $0.79 during the last trading session, reaching $40.11. About 464,113 shares traded or 47.34% up from the average. Bottomline Technologies (EPAY) has risen 58.92% since April 17, 2017 and is uptrending. It has outperformed by 47.37% the S&P500.

Bottomline Technologies , Inc. provides software as a service based solutions. The company has market cap of $1.63 billion. It operates through four divisions: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. It currently has negative earnings. The companyÂ’s services and products include Paymode-X, a cloud payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

Ratings analysis reveals 50% of Bottomline Tech’s analysts are positive. Out of 2 Wall Street analysts rating Bottomline Tech, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $26.0 while the high is $28.0. The stock’s average target of $27 is -32.69% below today’s ($40.11) share price. EPAY was included in 2 notes of analysts from August 26, 2016. As per Friday, August 26, the company rating was maintained by Needham. The stock of Bottomline Technologies (NASDAQ:de, Inc) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 30.

Analysts await Universal Forest Products, Inc. (NASDAQ:UFPI) to report earnings on April, 18 after the close. They expect $0.42 earnings per share, up 23.53% or $0.08 from last year’s $0.34 per share. UFPI’s profit will be $25.71M for 19.89 P/E if the $0.42 EPS becomes a reality. After $0.41 actual earnings per share reported by Universal Forest Products, Inc. for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Among 2 analysts covering Universal Forest Products (NASDAQ:UFPI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Universal Forest Products had 7 analyst reports since October 16, 2015 according to SRatingsIntel. The stock of Universal Forest Products, Inc. (NASDAQ:UFPI) earned “Underperform” rating by DA Davidson on Tuesday, December 8. BMO Capital Markets initiated it with “Hold” rating and $110.0 target in Tuesday, October 17 report. DA Davidson upgraded Universal Forest Products, Inc. (NASDAQ:UFPI) on Tuesday, January 12 to “Neutral” rating. The rating was upgraded by DA Davidson on Thursday, October 20 to “Buy”. BMO Capital Markets maintained it with “Hold” rating and $3700 target in Monday, April 2 report. The stock of Universal Forest Products, Inc. (NASDAQ:UFPI) has “Neutral” rating given on Friday, October 16 by DA Davidson.

Investors sentiment increased to 6.72 in Q4 2017. Its up 5.63, from 1.09 in 2017Q3. It increased, as 18 investors sold Universal Forest Products, Inc. shares while 7 reduced holdings. 42 funds opened positions while 126 raised stakes. 95.70 million shares or 488.34% more from 16.27 million shares in 2017Q3 were reported. 75,000 are held by Employees Retirement Of Texas. Qs Investors Lc has 98,925 shares for 0.04% of their portfolio. Tudor Et Al stated it has 0.02% of its portfolio in Universal Forest Products, Inc. (NASDAQ:UFPI). Nordea Investment Mngmt Ab reported 122,900 shares. Profund Advsr Lc owns 7,127 shares. The New York-based New York State Common Retirement Fund has invested 0% in Universal Forest Products, Inc. (NASDAQ:UFPI). Wilen Inv Management Corporation holds 0.2% or 8,007 shares. Foundry Prtn Limited has invested 0.47% in Universal Forest Products, Inc. (NASDAQ:UFPI). Moreover, Regions Fincl Corp has 0% invested in Universal Forest Products, Inc. (NASDAQ:UFPI). Principal Fincl Grp owns 471,149 shares for 0.02% of their portfolio. Geode Capital Mngmt Limited Liability Company, Massachusetts-based fund reported 595,564 shares. Teachers Retirement Sys Of The State Of Kentucky holds 0.01% or 22,500 shares. Strs Ohio invested in 1,600 shares or 0% of the stock. Metropolitan Life Insur Communications Ny invested in 19,020 shares. Us Bancorp De invested in 1,650 shares or 0% of the stock.

Universal Forest Products, Inc. (NASDAQ:UFPI) Institutional Positions Chart