BILL (NYSE:BILL) PT Lowered to $70.00 at Oppenheimer

BILL (NYSE:BILL) had its price target reduced by Oppenheimer from $95.00 to $70.00 in a research note issued to investors on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

BILL has been the subject of several other reports. Needham & Company LLC restated a buy rating and set a $100.00 price objective on shares of BILL in a research note on Monday, June 10th. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $70.00 to $60.00 and set a market perform rating for the company in a research note on Monday, July 8th. The Goldman Sachs Group decreased their target price on shares of BILL from $98.00 to $86.00 and set a buy rating for the company in a research note on Thursday, July 11th. William Blair reiterated a market perform rating on shares of BILL in a research note on Friday, May 3rd. Finally, Mizuho decreased their target price on shares of BILL from $65.00 to $60.00 and set a neutral rating for the company in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $87.94.

BILL Stock Down 5.5 %

BILL stock opened at $50.85 on Monday. The firm has a 50 day moving average of $51.94 and a 200 day moving average of $61.44. The stock has a market capitalization of $5.40 billion, a PE ratio of -64.37 and a beta of 1.61. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. BILL has a 52 week low of $45.90 and a 52 week high of $127.64.

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

Insider Transactions at BILL

In other news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $470,901.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $470,901.60. The transaction 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 company’s stock in a transaction 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 sale, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC acquired a new position in shares of BILL during the 4th quarter valued at about $35,000. Advisors Asset Management Inc. boosted its stake in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc purchased a new position in BILL during the second quarter worth about $46,000. Benjamin F. Edwards & Company Inc. boosted its stake in BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after buying an additional 295 shares during the period. Finally, Garner Asset Management Corp purchased a new position in BILL during the fourth quarter worth about $90,000. 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.