Robert W. Baird Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target upped by equities research analysts at Robert W. Baird from $62.00 to $74.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 12.33% from the company’s current price.

BILL has been the subject of several other reports. Keefe, Bruyette & Woods reduced their price target on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. 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 research note on Monday, August 26th. Mizuho dropped their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. Evercore ISI cut their price target on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. Finally, Oppenheimer decreased their price objective on shares of BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.88.

BILL Trading Up 1.8 %

Shares of NYSE BILL opened at $65.88 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of -98.33 and a beta of 1.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. BILL has a 1 year low of $43.11 and a 1 year high of $87.05. The firm has a 50-day moving average of $54.78 and a 200 day moving average of $53.43.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 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 firm had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts expect that BILL will post -0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other BILL news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO John R. Rettig bought 21,124 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $49.40 per share, with a total value of $1,043,525.60. Following the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rene A. Lacerte purchased 42,248 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 68,372 shares of company stock valued at $3,404,826 and have sold 3,808 shares valued at $209,866. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of BILL by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after purchasing an additional 94,786 shares during the period. WoodTrust Financial Corp purchased a new stake in BILL in the 3rd quarter worth $422,000. Algert Global LLC raised its holdings in BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after acquiring an additional 52,758 shares during the period. SG Americas Securities LLC raised its holdings in BILL by 826.5% during the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after acquiring an additional 36,613 shares during the period. Finally, Iridian Asset Management LLC CT lifted its position in shares of BILL by 26.9% in the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company’s stock valued at $15,547,000 after acquiring an additional 62,499 shares in the last quarter. Hedge funds and other institutional investors 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.