Analysts Set BILL Holdings, Inc. (NYSE:BILL) PT at $70.24

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.24.

BILL has been the topic of several analyst reports. Oppenheimer lowered their target price on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, September 12th. BMO Capital Markets reduced their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. Mizuho dropped their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Finally, Susquehanna reiterated a “positive” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, August 19th.

Insider Buying and Selling

In other news, CFO John R. Rettig purchased 21,124 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now directly owns 80,474 shares of the company’s stock, valued at $3,975,415.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BILL news, CFO John R. Rettig purchased 21,124 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now owns 80,474 shares of the company’s stock, valued at approximately $3,975,415.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the transaction, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 68,372 shares of company stock valued at $3,404,826. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of BILL

A number of hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in BILL during the fourth quarter valued at $35,000. Advisors Asset Management Inc. increased its position in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of BILL during the 2nd quarter worth about $46,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares during the last quarter. Finally, Garner Asset Management Corp bought a new stake in shares of BILL in the 4th quarter valued at approximately $90,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Down 0.8 %

BILL stock opened at $52.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. BILL has a one year low of $43.11 and a one year high of $118.69. The company has a 50-day simple moving average of $51.14 and a 200-day simple moving average of $54.98. The firm has a market capitalization of $5.60 billion, a P/E ratio of -66.77 and a beta of 1.61.

BILL (NYSE:BILL) last posted its earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities analysts expect that BILL will post -0.58 earnings per share for the current year.

About BILL

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.