BILL Holdings, Inc. (NYSE:BILL) Receives Average Recommendation of “Hold” from Brokerages

BILL Holdings, Inc. (NYSE:BILL) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $69.18.

Several research analysts have commented on the company. The Goldman Sachs Group downgraded BILL from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $86.00 to $54.00 in a research note on Friday, August 23rd. Evercore ISI decreased their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Mizuho lowered their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Finally, Robert W. Baird cut their price target on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd.

Insider Buying and Selling

In other news, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was bought 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 of the company’s stock, valued at approximately $9,138,750.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Rene A. Lacerte acquired 42,248 shares of BILL stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now directly owns 184,249 shares in the company, valued at approximately $9,138,750.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Jacobs acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $53.16 per share, for a total transaction of $265,800.00. Following the purchase, the director now directly owns 9,559 shares of the company’s stock, valued at $508,156.44. The disclosure for this purchase can be found here. Insiders acquired 68,372 shares of company stock valued at $3,404,826 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

A number of institutional investors and hedge funds have recently modified their holdings of BILL. Quest Partners LLC acquired a new position in BILL in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in 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. Versant Capital Management Inc purchased a new stake in shares of BILL during the 2nd quarter worth $46,000. Benjamin F. Edwards & Company Inc. raised its stake in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in BILL during the fourth quarter worth approximately $90,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL stock opened at $54.56 on Friday. The stock has a 50-day moving average price of $50.74 and a two-hundred day moving average price of $56.72. BILL has a 1 year low of $43.11 and a 1 year high of $119.32. The stock has a market cap of $5.79 billion, a PE ratio of -69.06 and a beta of 1.61. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same period in the previous year, the business earned $0.10 EPS. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts forecast that BILL will post -0.19 EPS for the current fiscal year.

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.