BILL (NYSE:BILL) Stock Price Up 6.3%

BILL Holdings, Inc. (NYSE:BILL) shares traded up 6.3% during mid-day trading on Thursday . The stock traded as high as $55.10 and last traded at $54.91. 428,022 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,986,728 shares. The stock had previously closed at $51.66.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BILL. Robert W. Baird cut their price target on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Finally, BMO Capital Markets reduced their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.24.

BILL Price Performance

The firm has a market capitalization of $5.76 billion, a P/E ratio of -68.68 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $55.66.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. During the same period last year, the firm posted $0.10 earnings per share. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In related news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John R. Rettig purchased 21,124 shares of BILL stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. The disclosure for this purchase can be found here. Insiders acquired a total of 68,372 shares of company stock worth $3,404,826 over the last three months. Company insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Large investors have recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of BILL in the 4th quarter worth about $35,000. Advisors Asset Management Inc. increased its position in BILL by 75.0% during 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 in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after acquiring an additional 295 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of BILL during the second quarter valued at $46,000. Finally, Garner Asset Management Corp purchased a new position in shares of BILL in the 4th quarter worth about $90,000. 97.99% of the stock is owned by institutional investors.

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.