Keefe, Bruyette & Woods Lowers BILL (NYSE:BILL) Price Target to $77.00

BILL (NYSE:BILL) had its target price decreased by Keefe, Bruyette & Woods from $95.00 to $77.00 in a research note published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms also recently commented on BILL. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and raised their price objective for the company from $96.00 to $104.00 in a research note on Thursday, January 9th. KeyCorp decreased their target price on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.95.

BILL Stock Performance

Shares of BILL stock opened at $62.40 on Friday. 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 has a 50 day simple moving average of $89.50 and a 200-day simple moving average of $69.34. The company has a market cap of $6.46 billion, a price-to-earnings ratio of -189.08, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76. BILL has a 12-month low of $43.11 and a 12-month high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.54% and a net margin of 0.59%. On average, equities analysts forecast that BILL will post 0.04 EPS for the current year.

Insider Activity at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC increased its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after purchasing an additional 207 shares during the period. Covestor Ltd lifted its stake in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after purchasing an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.