Published on 15 Feb 2022 on Insider Monkey via Yahoo Finance

Bernzott Capital on Bottomline Technologies (EPAY): “It’s Gratifying to See the Value Recognized”

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio rose 4.2% (gross) slightly underperforming the Russell 2000 Value's advance of 4.3%, and somewhat less than the Russell 2500 Value's gain of 6.3%. Industrials, the sector with the largest allocation at 35.2% of the portfolio, was the largest positive contributor to returns led by capital goods holdings. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Bernzott Capital Advisors US Small Cap Value, in its Q4 2021 investor letter, mentioned Bottomline Technologies, Inc. (NASDAQ: EPAY) and discussed its stance on the firm. Bottomline Technologies, Inc. is a Portsmouth, New Hampshire-based software company with a $2.5 billion market capitalization. EPAY delivered a 0.16% return since the beginning of the year, while its 12-month returns are up by 19.43%. The stock closed at $56.56 per share on February 4, 2022.

Here is what Bernzott Capital Advisors US Small Cap Value has to say about Bottomline Technologies, Inc. in its Q4 2021 investor letter: