BILL (NYSE:BILL) PT Lowered to $65.00

BILL (NYSE:BILL) had its price objective reduced by UBS Group from $85.00 to $65.00 in a report issued on Thursday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on BILL. Robert W. Baird lifted their price objective on shares of BILL from $60.00 to $68.00 and gave the stock a neutral rating in a research report on Wednesday, July 17th. Needham & Company LLC restated a buy rating and set a $100.00 price target on shares of BILL in a report on Friday, July 26th. Jefferies Financial Group reduced their price objective on shares of BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. Wolfe Research lowered BILL from an outperform rating to a peer perform rating in a research report on Thursday, August 1st. Finally, William Blair reissued a market perform rating on shares of BILL in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $79.75.

BILL Stock Performance

BILL opened at $49.12 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 stock has a market cap of $5.21 billion, a price-to-earnings ratio of -62.18 and a beta of 1.61. BILL has a 12-month low of $43.11 and a 12-month high of $119.32. The business has a 50 day moving average of $50.22 and a 200-day moving average of $58.10.

Insiders Place Their Bets

In other news, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 9,126 shares in the company, valued at $470,901.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Germaine Cota sold 642 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 6,057 shares in the company, valued at $312,480.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rajesh A. Aji sold 2,616 shares of the stock in a transaction dated Thursday, May 30th. The stock was 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 $470,901.60. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of BILL in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its position in shares of 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 in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after acquiring an additional 295 shares in the last quarter. Versant Capital Management Inc acquired a new stake in BILL in the 2nd quarter valued at about $46,000. Finally, Garner Asset Management Corp purchased a new position in BILL in the fourth quarter worth approximately $90,000. 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.