BILL Holdings, Inc. (NYSE:BILL) Given Average Rating of “Hold” by Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $69.18.

BILL has been the topic of a number of research reports. Robert W. Baird decreased their price objective on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Susquehanna reissued a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. UBS Group reduced their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Mizuho lowered their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th.

BILL Trading Down 1.7 %

Shares of BILL opened at $55.06 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.63. BILL has a 1-year low of $43.11 and a 1-year high of $118.96. The company has a market capitalization of $5.84 billion, a P/E ratio of -69.70 and a beta of 1.61. The firm’s 50 day simple moving average is $51.22 and its 200 day simple moving average is $56.39.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Sell-side analysts forecast that BILL will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Jacobs acquired 5,000 shares of BILL stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $53.16 per share, with a total value of $265,800.00. Following the transaction, the director now owns 9,559 shares in the company, valued at $508,156.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Brian Jacobs acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $53.16 per share, with a total value of $265,800.00. Following the transaction, the director now owns 9,559 shares in the company, valued at approximately $508,156.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The disclosure for this sale can be found here. Insiders acquired 68,372 shares of company stock valued at $3,404,826 over the last quarter. 3.80% of the stock is owned by company insiders.

Institutional Trading of BILL

A number of hedge funds have recently modified their holdings of the business. Quest Partners LLC bought a new position in BILL during the 4th quarter valued at approximately $35,000. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% in the 1st 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 last quarter. Versant Capital Management Inc bought a new position in BILL in the 2nd quarter worth about $46,000. Benjamin F. Edwards & Company Inc. boosted its stake in BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares in the last quarter. Finally, Garner Asset Management Corp purchased a new stake in BILL during the 4th quarter valued at about $90,000. Institutional investors 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.