BILL (NYSE:BILL) Price Target Raised to $62.00 at Robert W. Baird

BILL (NYSE:BILL) had its price target upped by Robert W. Baird from $60.00 to $62.00 in a research note issued to investors on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other brokerages have also commented on BILL. UBS Group decreased their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. The Goldman Sachs Group boosted their price objective on shares of BILL from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Oppenheimer lowered their target price on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. Finally, BMO Capital Markets lowered their price target on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.71.

BILL Trading Up 1.9 %

Shares of BILL stock opened at $57.77 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -73.13 and a beta of 1.61. BILL has a 52-week low of $43.11 and a 52-week high of $107.08. The company’s 50-day simple moving average is $52.73 and its 200-day simple moving average is $53.95.

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

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Rajesh A. Aji sold 2,486 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the transaction, the insider now directly owns 7,812 shares in the company, valued at approximately $427,550.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares in the company, valued at approximately $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 68,372 shares of company stock worth $3,404,826. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BILL. DekaBank Deutsche Girozentrale boosted its position in shares of BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after acquiring an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised 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 purchasing an additional 282 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of BILL by 4.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after buying an additional 322 shares during the period. Finally, UniSuper Management Pty Ltd grew its stake in shares of BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares during the period. 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.