BILL (NYSE:BILL) Raised to Outperform at BNP Paribas

BNP Paribas upgraded shares of BILL (NYSE:BILL) from a neutral rating to an outperform rating in a report issued on Thursday, Marketbeat.com reports. The firm currently has $90.00 price objective on the stock.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of BILL from $80.00 to $60.00 and set an overweight rating for the company in a report on Tuesday, August 20th. Susquehanna restated a positive rating and set a $100.00 price target on shares of BILL in a report on Monday, August 19th. UBS Group cut their price objective on BILL from $85.00 to $65.00 and set a buy rating for the company in a report on Thursday, August 15th. Oppenheimer reduced their price objective on BILL from $95.00 to $70.00 and set an outperform rating for the company in a research report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on BILL from $60.00 to $55.00 and set a market perform rating on the stock in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, BILL currently has a consensus rating of Hold and a consensus target price of $70.24.

BILL Trading Up 0.1 %

NYSE BILL opened at $51.91 on Thursday. The firm’s 50 day moving average price is $51.18 and its two-hundred day moving average price is $56.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. BILL has a twelve month low of $43.11 and a twelve month high of $118.69. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of -65.71 and a beta of 1.61.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The firm 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 firm earned $0.10 earnings per share. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. Equities analysts anticipate that BILL will post -0.58 EPS for the current year.

Insider Activity

In other BILL news, Director Brian Jacobs acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $53.16 per share, with a total value of $265,800.00. Following the transaction, the director now owns 9,559 shares of the company’s stock, valued at $508,156.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Brian Jacobs bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $53.16 per share, with a total value of $265,800.00. Following the completion of the transaction, the director now owns 9,559 shares of the company’s stock, valued at approximately $508,156.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Germaine Cota sold 803 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at $375,639.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 68,372 shares of company stock valued at $3,404,826. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of BILL by 5.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after acquiring an additional 170 shares during the period. Advisory Services Network LLC raised its stake in shares of BILL by 8.4% in the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock valued at $215,000 after purchasing an additional 205 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after purchasing an additional 257 shares during the period. Advisors Asset Management Inc. boosted its stake in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after buying an additional 282 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in BILL by 57.2% in the 1st 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 during the period. 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.