Wells Fargo & Company Cuts BILL (NYSE:BILL) Price Target to $57.00

BILL (NYSE:BILL) had its price target trimmed by Wells Fargo & Company from $65.00 to $57.00 in a report released on Friday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities research analysts also recently weighed in on BILL. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday, January 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a research note on Friday. Oppenheimer increased their target price 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 increased their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.95.

BILL Stock Performance

NYSE BILL opened at $62.40 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL has a 1 year low of $43.11 and a 1 year high of $100.19. The company has a market capitalization of $6.46 billion, a PE ratio of -6,239.50, a P/E/G ratio of 157.98 and a beta of 1.76. The company has a fifty day moving average of $88.94 and a two-hundred day moving average of $69.51.

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

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC grew its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp acquired a new position in BILL in the 4th quarter valued at $27,000. Global Retirement Partners LLC lifted its stake in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. acquired a new stake in shares of BILL during the fourth quarter worth $35,000. 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.