BILL (NYSE:BILL) Upgraded to “Overweight” at Morgan Stanley

BILL (NYSE:BILL) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a $95.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 6.77% from the stock’s current price.

Several other equities analysts also recently commented on BILL. Oppenheimer boosted their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Susquehanna boosted their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $104.00 in a research report on Thursday, January 9th. Mizuho boosted their price objective on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Piper Sandler upped their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.00.

BILL Trading Up 0.8 %

NYSE BILL opened at $88.98 on Thursday. 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 firm has a market cap of $9.21 billion, a price-to-earnings ratio of -269.63, a PEG ratio of 83.30 and a beta of 1.72. The firm has a 50 day simple moving average of $87.68 and a 200-day simple moving average of $65.05. BILL has a one year low of $43.11 and a one year high of $97.86.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction on 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 owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BILL

Hedge funds have recently made changes to their positions in the business. Atomi Financial Group Inc. purchased a new stake in BILL during the 4th quarter valued at approximately $275,000. Crossmark Global Holdings Inc. acquired a new position in shares of BILL in the fourth quarter valued at approximately $398,000. UMB Bank n.a. purchased a new stake in shares of BILL during the fourth quarter worth approximately $35,000. Aaron Wealth Advisors LLC lifted its holdings in shares of BILL by 10.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,618 shares of the company’s stock worth $391,000 after purchasing an additional 455 shares during the period. Finally, Kera Capital Partners Inc. purchased a new position in BILL in the 4th quarter valued at $259,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.