BILL (NYSE:BILL) PT Lowered to $86.00

BILL (NYSE:BILL) had its price objective reduced by The Goldman Sachs Group from $98.00 to $86.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price target on the stock in a research report on Wednesday, March 13th. Needham & Company LLC reissued a buy rating and issued a $100.00 target price on shares of BILL in a report on Monday, June 10th. Mizuho decreased their price target on BILL from $65.00 to $60.00 and set a neutral rating for the company in a report on Monday, May 6th. Wells Fargo & Company reissued an underweight rating and issued a $60.00 price objective (down from $70.00) on shares of BILL in a research note on Monday, April 1st. Finally, BMO Capital Markets reduced their target price on shares of BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $88.24.

BILL Trading Up 0.8 %

NYSE:BILL opened at $51.26 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.44 billion, a PE ratio of -64.89 and a beta of 1.61. The stock’s 50 day moving average price is $52.57 and its 200 day moving average price is $62.69. BILL has a 52-week low of $45.90 and a 52-week high of $139.50.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The firm had revenue of $323.03 million during the quarter, compared to analysts’ expectations of $305.23 million. On average, research analysts anticipate that BILL will post -0.19 EPS for the current year.

Insider Buying and Selling at BILL

In related news, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the sale, the insider now directly owns 9,126 shares in the company, valued at approximately $470,901.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Rajesh A. Aji sold 2,616 shares of BILL stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the transaction, the insider now directly owns 9,126 shares in the company, valued at approximately $470,901.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The disclosure for this sale can be found here. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently modified their holdings of BILL. Quest Partners LLC acquired a new stake in shares of BILL in the fourth quarter worth approximately $35,000. Advisors Asset Management Inc. boosted its holdings in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in BILL during the second quarter valued at about $46,000. Benjamin F. Edwards & Company Inc. grew its position in BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after acquiring an additional 295 shares during the period. Finally, Garner Asset Management Corp acquired a new stake in BILL during the fourth quarter worth about $90,000. 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.