BILL (NYSE:BILL) Stock Price Expected to Rise, Susquehanna Analyst Says

BILL (NYSE:BILL) had its price objective lifted by analysts at Susquehanna from $91.00 to $100.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective suggests a potential upside of 21.23% from the stock’s previous close.

A number of other brokerages also recently commented on BILL. Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, September 12th. The Goldman Sachs Group upped their target price on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price target on shares of BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Robert W. Baird boosted their target price on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus target price of $83.53.

BILL Trading Down 1.5 %

NYSE BILL opened at $82.49 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL has a one year low of $43.11 and a one year high of $97.86. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of -249.97 and a beta of 1.72. The firm has a 50 day simple moving average of $84.90 and a 200-day simple moving average of $63.72.

Insider Transactions at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the 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 approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock worth $218,887 over the last ninety days. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Covestor Ltd boosted its position 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 buying an additional 249 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BILL by 30.8% in 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 last quarter. Versant Capital Management Inc increased its stake in shares of BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after purchasing an additional 340 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of BILL by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock worth $411,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds 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.