Keefe, Bruyette & Woods Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective 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.

BILL has been the topic of a number of other research reports. Mizuho increased their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. KeyCorp decreased their price objective on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and lifted their target price for the company from $96.00 to $104.00 in a research note on Thursday, January 9th. Finally, Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.95.

BILL Stock Performance

Shares of NYSE BILL opened at $62.40 on Friday. 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 firm’s 50-day moving average price is $88.94 and its two-hundred day moving average price is $69.51. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. The stock has a market capitalization of $6.46 billion, a P/E ratio of -6,239.50, a P/E/G ratio of 157.98 and a beta of 1.76.

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 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%. As a group, sell-side analysts forecast that BILL will post 0.04 earnings per share for the current year.

Insider Activity

In related news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BILL

Institutional investors have recently bought and sold shares of the stock. Abdiel Capital Advisors LP lifted its stake in shares of BILL by 48.2% in 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after acquiring an additional 279,256 shares during the period. Bank of New York Mellon Corp lifted its position in BILL by 51.5% during the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after acquiring an additional 274,701 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after acquiring an additional 321,400 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

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.