Keefe, Bruyette & Woods Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $100.00 to $95.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.43% from the stock’s current price.

BILL has been the subject of several other reports. Oppenheimer lifted their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler raised their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley raised their price target on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. Finally, KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BILL has a consensus rating of “Hold” and an average price target of $83.53.

BILL Stock Performance

BILL stock opened at $83.75 on Monday. The stock’s 50 day simple moving average is $84.39 and its 200 day simple moving average is $63.59. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a 12-month low of $43.11 and a 12-month high of $97.86. The stock has a market capitalization of $8.67 billion, a PE ratio of -253.79 and a beta of 1.72.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,823 shares of company stock valued at $218,887. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the last quarter. Brooklyn Investment Group bought a new stake in BILL during the third quarter worth approximately $28,000. Advisors Asset Management Inc. raised its position in BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the period. Hedge funds and other 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.