BILL (NYSE:BILL) Price Target Cut to $75.00

BILL (NYSE:BILL) had its price target trimmed by BMO Capital Markets from $82.00 to $75.00 in a report released on Friday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other research analysts also recently issued reports on the stock. Piper Sandler dropped their price target on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research report on Friday, April 12th. BNP Paribas upgraded shares of BILL from an underperform rating to a neutral rating and set a $72.00 target price on the stock in a report on Wednesday, March 13th. Needham & Company LLC reiterated a buy rating and set a $100.00 price target on shares of BILL in a report on Friday, February 9th. Citigroup lifted their price objective on BILL from $85.00 to $86.00 and gave the stock a buy rating in a research report on Monday, February 12th. Finally, Robert W. Baird decreased their target price on BILL from $78.00 to $74.00 and set a neutral rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $97.35.

BILL Trading Up 0.5 %

BILL opened at $56.87 on Friday. The company’s 50 day moving average price is $64.02 and its two-hundred day moving average price is $70.12. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of -71.99, a PEG ratio of 62.44 and a beta of 1.68. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The business had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. As a group, research analysts predict that BILL will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the transaction, the senior vice president now directly owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BILL

Several institutional investors have recently modified their holdings of the business. M&T Bank Corp boosted its position in BILL by 0.9% in the third quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock worth $1,569,000 after purchasing an additional 128 shares during the last quarter. Signaturefd LLC raised its position in BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after acquiring an additional 157 shares during the period. Fifth Third Bancorp boosted its stake in BILL by 3.8% in the first quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock valued at $314,000 after acquiring an additional 168 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of BILL by 5.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock valued at $281,000 after acquiring an additional 170 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of BILL by 2.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock valued at $804,000 after acquiring an additional 171 shares during the period. 97.99% of the stock is owned by institutional investors.

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.