BILL (NYSE:BILL) PT Lowered to $60.00 at Keefe, Bruyette & Woods

BILL (NYSE:BILLFree Report) had its price objective trimmed by Keefe, Bruyette & Woods from $70.00 to $60.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other brokerages also recently issued reports on BILL. BNP Paribas upgraded shares of BILL from an underperform rating to a neutral rating and set a $72.00 price objective on the stock in a research note on Wednesday, March 13th. BMO Capital Markets dropped their price objective on shares of BILL from $82.00 to $75.00 and set a market perform rating on the stock in a report on Friday, May 3rd. Robert W. Baird reduced their target price on shares of BILL from $74.00 to $60.00 and set a neutral rating for the company in a research note on Friday, May 31st. Canaccord Genuity Group reissued a buy rating and set a $100.00 target price on shares of BILL in a research report on Friday, May 3rd. Finally, Piper Sandler cut their price target on BILL from $95.00 to $77.00 and set an overweight rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $88.12.

Get Our Latest Stock Analysis on BILL

BILL Stock Down 1.2 %

BILL stock opened at $50.19 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. BILL has a fifty-two week low of $45.90 and a fifty-two week high of $139.50. The firm has a fifty day moving average price of $52.92 and a two-hundred day moving average price of $63.30. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of -63.53 and a beta of 1.61.

BILL (NYSE:BILLGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.17. The firm had revenue of $323.03 million during the quarter, compared to the consensus estimate of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. As a group, analysts forecast that BILL will post -0.19 earnings per share for the current year.

Insider Buying and Selling at BILL

In other BILL news, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the transaction, the insider now directly owns 9,126 shares in the company, valued at $470,901.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now owns 9,126 shares of the company’s stock, valued at $470,901.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 642 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the sale, the senior vice president now owns 6,057 shares in the company, valued at $312,480.63. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gotham Asset Management LLC increased its holdings in shares of BILL by 9.9% in the third quarter. Gotham Asset Management LLC now owns 3,501 shares of the company’s stock valued at $380,000 after purchasing an additional 316 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of BILL by 0.8% during the third quarter. Royal London Asset Management Ltd. now owns 38,209 shares of the company’s stock worth $4,149,000 after acquiring an additional 299 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of BILL during the third quarter valued at $8,531,000. Carmignac Gestion acquired a new position in shares of BILL during the third quarter valued at $48,037,000. Finally, Advisory Resource Group increased its stake in BILL by 6.2% during the 3rd quarter. Advisory Resource Group now owns 6,955 shares of the company’s stock worth $755,000 after purchasing an additional 403 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Company Profile

(Get Free Report)

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.

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