BILL Holdings, Inc. (NYSE:BILL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $74.65.

A number of equities analysts have recently issued reports on BILL shares. Keefe, Bruyette & Woods reduced their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, August 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. Wells Fargo & Company dropped their target price on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Finally, Wolfe Research lowered BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’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 in the company, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares in the company, valued at approximately $375,639.75. This represents a 10.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently modified their holdings of BILL. SG Americas Securities LLC acquired a new position in BILL during the first quarter worth about $304,000. State Board of Administration of Florida Retirement System lifted its stake in BILL by 7.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock valued at $8,589,000 after purchasing an additional 8,839 shares during the last quarter. Intech Investment Management LLC boosted its position in BILL by 250.6% in the first quarter. Intech Investment Management LLC now owns 30,276 shares of the company’s stock valued at $2,081,000 after buying an additional 21,640 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BILL by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of BILL by 1,742.7% during the first quarter. Covestor Ltd now owns 1,640 shares of the company’s stock worth $113,000 after buying an additional 1,551 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

NYSE:BILL opened at $86.09 on Friday. The stock has a market capitalization of $8.91 billion, a P/E ratio of -260.88 and a beta of 1.59. BILL has a 1 year low of $43.11 and a 1 year high of $91.19. The firm has a 50 day moving average of $59.97 and a 200-day moving average of $54.76. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts anticipate that BILL will post -0.18 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.