BILL (NYSE:BILL) Price Target Cut to $60.00

BILL (NYSE:BILL) had its target price trimmed by Keefe, Bruyette & Woods from $70.00 to $60.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research analysts have also commented on BILL. BMO Capital Markets lowered their price objective on shares of BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday, May 3rd. Robert W. Baird decreased their price target on shares of BILL from $74.00 to $60.00 and set a neutral rating for the company in a research report on Friday, May 31st. BNP Paribas raised BILL from an underperform rating to a neutral rating and set a $72.00 price objective on the stock in a research report on Wednesday, March 13th. Mizuho decreased their target price on BILL from $65.00 to $60.00 and set a neutral rating for the company in a report on Monday, May 6th. Finally, Needham & Company LLC reissued a buy rating and set a $100.00 target price on shares of BILL in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BILL has a consensus rating of Moderate Buy and an average target price of $88.24.

BILL Stock Up 1.4 %

BILL stock opened at $50.88 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50 day moving average price of $52.68 and a 200 day moving average price of $63.21. BILL has a fifty-two week low of $45.90 and a fifty-two week high of $139.50. The company has a market capitalization of $5.40 billion, a PE ratio of -64.41 and a beta of 1.61.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The business had revenue of $323.03 million during the quarter, compared to analysts’ expectations of $305.23 million. Research analysts expect that BILL will post -0.19 earnings per share for the current year.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following the transaction, the senior vice president now owns 6,057 shares in the company, valued at approximately $312,480.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Rajesh A. Aji sold 2,616 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now owns 9,126 shares in the company, valued at $470,901.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total value of $33,120.78. Following the completion of the transaction, the senior vice president now owns 6,057 shares in the company, valued at approximately $312,480.63. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in BILL by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock valued at $41,484,000 after buying an additional 36,233 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of BILL in the 4th quarter worth $163,218,000. Assenagon Asset Management S.A. purchased a new stake in shares of BILL in the fourth quarter valued at about $5,038,000. Contour Asset Management LLC acquired a new position in shares of BILL during the fourth quarter worth about $49,509,000. Finally, Victory Capital Management Inc. raised its holdings in BILL by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock worth $1,121,000 after purchasing an additional 2,604 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Company Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.