BILL (NYSE:BILL) PT Raised to $62.00 at Robert W. Baird

BILL (NYSE:BILL) had its target price boosted by research analysts at Robert W. Baird from $60.00 to $62.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 7.32% from the company’s previous close.

Several other research firms have also recently issued reports on BILL. Piper Sandler increased their price target on BILL from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group decreased their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Mizuho dropped their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Wolfe Research cut shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.71.

BILL Stock Up 1.9 %

BILL stock opened at $57.77 on Friday. The stock has a market cap of $6.13 billion, a PE ratio of -73.13 and a beta of 1.61. The firm’s 50-day simple moving average is $52.73 and its 200 day simple moving average is $53.88. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $107.08. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. The company 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%. BILL’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. As a group, sell-side analysts predict that BILL will post -0.58 EPS for the current year.

Insider Activity

In other news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the purchase, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Rajesh A. Aji sold 2,486 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the transaction, the insider now directly owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price 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 directly owns 184,249 shares in the company, valued at approximately $9,138,750.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 68,372 shares of company stock worth $3,404,826 over the last 90 days. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On BILL

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of BILL during the 2nd quarter worth about $46,000. UniSuper Management Pty Ltd lifted its holdings in shares of BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of BILL by 1,742.7% in the 1st quarter. Covestor Ltd now owns 1,640 shares of the company’s stock valued at $113,000 after buying an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.