BILL (NYSE:BILL) Price Target Raised to $95.00 at Morgan Stanley

BILL (NYSE:BILL) had its price target raised by Morgan Stanley from $58.00 to $95.00 in a report released on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on BILL. JPMorgan Chase & Co. reduced their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. UBS Group decreased their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their price objective on BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets dropped their target price on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Hold” and an average price target of $75.78.

BILL Price Performance

Shares of NYSE BILL opened at $92.83 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. The firm has a fifty day moving average of $63.95 and a 200 day moving average of $55.96. The firm has a market cap of $9.61 billion, a PE ratio of -281.30 and a beta of 1.59. BILL has a one year low of $43.11 and a one year high of $94.28.

Insiders Place Their Bets

In other BILL news, insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $54.73, for a total transaction of $136,058.78. Following the sale, the insider now owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,112 shares of company stock worth $398,910 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of BILL by 4.4% during the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock worth $404,000 after purchasing an additional 322 shares during the period. Finally, HighTower Advisors LLC grew its position in BILL by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock valued at $411,000 after buying 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.