Robert W. Baird Raises BILL (NYSE:BILL) Price Target to $100.00

BILL (NYSE:BILL) had its price objective raised by analysts at Robert W. Baird from $74.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 8.04% from the stock’s current price.

Other research analysts have also issued reports about the stock. Mizuho decreased their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Evercore ISI dropped their target price on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, August 23rd. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.28.

BILL Trading Up 4.6 %

Shares of BILL stock opened at $92.56 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $68.39 and its 200 day moving average price is $57.28. BILL has a twelve month low of $43.11 and a twelve month high of $94.28. The firm has a market capitalization of $9.58 billion, a PE ratio of -280.48 and a beta of 1.72.

Insider Activity at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, 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 sold a total of 2,823 shares of company stock valued at $218,887 over the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BILL. Abdiel Capital Advisors LP increased its stake in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after acquiring an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP grew its position in BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the period. Two Sigma Advisers LP grew its position in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after buying an additional 321,400 shares during the period. Assenagon Asset Management S.A. grew its position in BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the period. 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.