BILL (NYSE:BILL) Price Target Raised to $77.00 at The Goldman Sachs Group

BILL (NYSE:BILL) had its target price upped by The Goldman Sachs Group from $60.00 to $77.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also issued reports on BILL. Susquehanna restated a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. BMO Capital Markets lowered their price target on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. UBS Group cut their price objective on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.65.

BILL Price Performance

Shares of BILL opened at $89.06 on Tuesday. The company has a 50 day moving average of $56.08 and a two-hundred day moving average of $53.70. The company has a market cap of $9.22 billion, a price-to-earnings ratio of -269.88 and a beta of 1.59. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL has a twelve month low of $43.11 and a twelve month high of $90.16.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.53% and a net margin of 0.59%. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. During the same quarter last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts predict that BILL will post -0.57 earnings per share for the current fiscal year.

Insider Transactions at BILL

In related news, CFO John R. Rettig purchased 21,124 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the purchase, the chief financial officer now owns 80,474 shares of the company’s stock, valued at $3,975,415.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO John R. Rettig purchased 21,124 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $49.40 per share, with a total value of $1,043,525.60. Following the purchase, the chief financial officer now owns 80,474 shares of the company’s stock, valued at $3,975,415.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 68,372 shares of company stock valued at $3,404,826 and sold 5,333 shares valued at $328,800. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of large investors have recently modified their holdings of BILL. Abdiel Capital Advisors LP boosted its position in BILL by 46.4% during the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock worth $181,793,000 after acquiring an additional 1,095,396 shares during the last quarter. Kodai Capital Management LP purchased a new stake in shares of BILL in the first quarter valued at approximately $59,341,000. Dimensional Fund Advisors LP increased its holdings in shares of BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after purchasing an additional 575,084 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 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.