BILL (NYSE:BILL) Price Target Raised to $83.00

BILL (NYSE:BILL) had its price target boosted by equities researchers at Oppenheimer from $70.00 to $83.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 10.80% from the stock’s current price.

BILL has been the subject of several other reports. Evercore ISI reduced their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Robert W. Baird increased their price target on shares of BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Friday. Wolfe Research downgraded shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. lowered their price target on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.65.

BILL Stock Performance

BILL stock traded up $9.01 during mid-day trading on Friday, hitting $74.91. 2,108,913 shares of the company’s stock traded hands, compared to its average volume of 1,891,864. 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 one year low of $43.11 and a one year high of $87.05. The firm has a 50 day moving average price of $54.78 and a 200 day moving average price of $53.43. The company has a market cap of $7.75 billion, a PE ratio of -110.97 and a beta of 1.59.

BILL (NYSE:BILL) last posted its quarterly 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. The firm had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, equities analysts forecast that BILL will post -0.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other BILL news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 1,038 shares in the company, valued at $59,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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, for a total transaction 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 68,372 shares of company stock valued at $3,404,826 and sold 3,808 shares valued at $209,866. 4.20% of the stock is currently owned by insiders.

Institutional Trading of BILL

A number of hedge funds have recently bought and sold shares of BILL. Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of BILL during the second quarter valued at approximately $46,000. Venturi Wealth Management LLC lifted its stake in shares of BILL by 377.8% in the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of BILL by 100.0% in the first 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. Finally, Covestor Ltd grew its stake in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after acquiring an additional 249 shares during the period. Institutional investors 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.