Keefe, Bruyette & Woods Cuts BILL (NYSE:BILL) Price Target to $77.00

BILL (NYSE:BILL) had its target price reduced by Keefe, Bruyette & Woods from $95.00 to $77.00 in a report published on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other analysts have also commented on BILL. Wells Fargo & Company lowered their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday. Robert W. Baird upped their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Finally, KeyCorp reduced their target price on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.95.

BILL Stock Performance

NYSE:BILL opened at $62.40 on Friday. The firm’s fifty day simple moving average is $88.94 and its 200-day simple moving average is $69.51. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $6.46 billion, a PE ratio of -6,239.50, a price-to-earnings-growth ratio of 157.98 and a beta of 1.76. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.50%. Analysts expect that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC boosted its stake in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of BILL during the fourth quarter worth about $27,000. Brooklyn Investment Group acquired a new position in BILL in the third quarter worth about $28,000. Finally, Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other 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.