Robert W. Baird Raises BILL (NYSE:BILL) Price Target to $62.00

BILL (NYSE:BILL) had its target price upped by Robert W. Baird from $60.00 to $62.00 in a research report report published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price target on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Mizuho dropped their target price on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, August 23rd. BMO Capital Markets reduced their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. Finally, Susquehanna reiterated a “positive” rating and set a $100.00 target price on shares of BILL in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.71.

BILL Price Performance

Shares of BILL opened at $57.07 on Friday. The firm has a fifty day moving average price of $52.94 and a 200 day moving average price of $53.79. The stock has a market cap of $6.06 billion, a PE ratio of -72.24 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. BILL has a 1-year low of $43.11 and a 1-year high of $105.81.

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

Insider Activity at BILL

In other BILL news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were acquired 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 directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $49.60 per share, with a total value 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 approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Jacobs purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $53.16 per share, for a total transaction of $265,800.00. Following the purchase, the director now owns 9,559 shares of the company’s stock, valued at $508,156.44. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 68,372 shares of company stock valued at $3,404,826. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Advisors Asset Management Inc. grew its holdings in shares of BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc purchased a new position in shares of BILL in the 2nd quarter valued at $46,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after acquiring an additional 295 shares during the period. UniSuper Management Pty Ltd increased its holdings in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after purchasing an additional 700 shares in the last quarter. Finally, Blue Trust Inc. raised its position in BILL by 1,167.5% in the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.