BILL (NYSE:BILL) Price Target Raised to $100.00

BILL (NYSE:BILL) had its price target raised by Susquehanna from $91.00 to $100.00 in a research report sent to investors on Tuesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities research analysts have also recently commented on BILL. Robert W. Baird raised their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their target price on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their price target on BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Mizuho lifted their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.95.

BILL Trading Down 1.5 %

Shares of NYSE:BILL opened at $82.49 on Tuesday. The stock’s 50-day simple moving average is $85.38 and its two-hundred day simple moving average is $63.85. BILL has a 52-week low of $43.11 and a 52-week high of $97.86. 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 stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -249.97 and a beta of 1.72.

Insider Activity at BILL

In related 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 transaction of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares in the company, valued at $59,685. This represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $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 worth $218,887 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Abdiel Capital Advisors LP lifted its position in 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 buying an additional 1,666,316 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after acquiring an additional 575,084 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after acquiring an additional 321,400 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after acquiring an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 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.