BILL (NYSE:BILL) Receives “Market Perform” Rating from William Blair

William Blair reaffirmed their market perform rating on shares of BILL (NYSE:BILL) in a report published on Friday, Zacks.com reports.

BILL has been the subject of several other research reports. Wells Fargo & Company restated an underweight rating and set a $60.00 price objective (down previously from $70.00) on shares of BILL in a research report on Monday, April 1st. Mizuho reduced their target price on shares of BILL from $65.00 to $60.00 and set a neutral rating for the company in a report on Monday. Needham & Company LLC reaffirmed a buy rating and issued a $100.00 price target on shares of BILL in a report on Friday. Robert W. Baird reduced their price objective on BILL from $78.00 to $74.00 and set a neutral rating for the company in a research note on Monday, April 22nd. Finally, Jefferies Financial Group cut their target price on BILL from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $97.35.

BILL Price Performance

NYSE BILL opened at $56.87 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of -71.99, a P/E/G ratio of 62.44 and a beta of 1.68. 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 has a 12 month low of $51.94 and a 12 month high of $139.50. The company’s 50 day simple moving average is $64.02 and its 200 day simple moving average is $70.12.

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

Insider Buying and Selling

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

Institutional Trading of BILL

A number of institutional investors have recently added to or reduced their stakes in BILL. Assenagon Asset Management S.A. bought a new stake in BILL in the fourth quarter worth $5,038,000. Carnegie Capital Asset Management LLC boosted its stake in shares of BILL by 105.7% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock worth $6,508,000 after acquiring an additional 40,997 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of BILL during the 4th quarter valued at about $312,000. Blair William & Co. IL raised its stake in shares of BILL by 18.1% in the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock valued at $5,940,000 after acquiring an additional 8,372 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its holdings in BILL by 15.6% in the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock worth $18,725,000 after purchasing an additional 31,000 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.