BILL’s (BILL) Positive Rating Reaffirmed at Susquehanna

BILL (NYSE:BILL)‘s stock had its “positive” rating restated by investment analysts at Susquehanna in a research note issued to investors on Monday, Benzinga reports. They presently have a $100.00 price target on the stock. Susquehanna’s price target suggests a potential upside of 97.86% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. BMO Capital Markets dropped their target price on BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, May 3rd. Piper Sandler decreased their target price on shares of BILL from $77.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Robert W. Baird increased their price target on BILL from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group decreased their price objective on BILL from $98.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and an average target price of $74.13.

BILL Stock Performance

BILL opened at $50.54 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. BILL has a 52-week low of $43.11 and a 52-week high of $119.32. The company has a market cap of $5.36 billion, a P/E ratio of -63.97 and a beta of 1.61. The firm’s 50-day moving average price is $50.17 and its 200-day moving average price is $57.70.

Insider Activity

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

Institutional Investors Weigh In On BILL

Several hedge funds have recently modified their holdings of BILL. Fifth Third Bancorp boosted its holdings in BILL by 3.8% in the 1st quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock worth $314,000 after acquiring an additional 168 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in 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 purchasing an additional 170 shares in the last quarter. Advisory Services Network LLC increased its stake in BILL by 8.4% during the 4th quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after buying an additional 205 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after buying an additional 257 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other 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.