BILL (NYSE:BILL) Price Target Raised to $100.00

BILL (NYSE:BILL) had its price target hoisted by equities research analysts at Susquehanna from $91.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 18.30% from the stock’s current price.

BILL has been the topic of several other reports. The Goldman Sachs Group upped their price objective on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Keefe, Bruyette & Woods lowered their price target on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday. Mizuho lifted their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley upped their target price on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus price target of $83.53.

BILL Stock Down 3.4 %

Shares of BILL stock traded down $2.97 during trading hours on Tuesday, reaching $84.53. 266,223 shares of the company’s stock were exchanged, compared to its average volume of 2,088,454. The stock has a market cap of $8.75 billion, a PE ratio of -256.15 and a beta of 1.72. BILL has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $83.85 and its two-hundred day moving average price is $63.34.

Insider Activity

In other news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BILL. Abdiel Capital Advisors LP raised its stake in shares of BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP lifted its stake in BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the period. Two Sigma Advisers LP grew its stake in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in BILL by 13.9% during the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock worth $33,463,000 after acquiring an additional 77,508 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.