BILL (NYSE:BILL) Price Target Raised to $60.00

BILL (NYSE:BILL) had its target price increased by The Goldman Sachs Group from $54.00 to $60.00 in a report released on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Robert W. Baird decreased their target price on shares of BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, September 12th. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Piper Sandler increased their price target on BILL from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Mizuho cut their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, BILL has a consensus rating of “Hold” and a consensus price target of $70.59.

BILL Trading Down 0.4 %

Shares of NYSE:BILL opened at $55.54 on Monday. BILL has a 52-week low of $43.11 and a 52-week high of $113.01. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of -70.30 and a beta of 1.61. 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 business has a 50-day moving average price of $52.31 and a 200-day moving average price of $53.98.

BILL (NYSE:BILL) last announced its quarterly earnings data 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. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Equities analysts predict that BILL will post -0.58 EPS for the current year.

Insider Activity at BILL

In other BILL news, 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 transaction, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at $375,639.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased 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 of the company’s stock, valued at $3,975,415.60. This trade represents a 0.00 % increase in their position. The transaction 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 dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now owns 6,861 shares of the company’s stock, 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 quarter, insiders acquired 68,372 shares of company stock valued at $3,404,826. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Several hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its holdings in BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after acquiring an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised its position 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 purchasing an additional 282 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake 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 holdings 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 worth $404,000 after purchasing an additional 322 shares during the period. Finally, UniSuper Management Pty Ltd increased its position 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 worth $96,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other 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.