BILL (NYSE:BILL) Price Target Cut to $95.00 by Analysts at Keefe, Bruyette & Woods

BILL (NYSE:BILL) had its price objective lowered by research analysts at Keefe, Bruyette & Woods from $100.00 to $95.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.36% from the company’s previous close.

A number of other research analysts also recently issued reports on BILL. Morgan Stanley raised their price target on shares of BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Piper Sandler increased their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average target price of $83.53.

BILL Stock Up 1.2 %

NYSE BILL traded up $1.08 on Monday, reaching $89.32. The company had a trading volume of 171,861 shares, compared to its average volume of 1,704,750. The firm has a market capitalization of $9.24 billion, a PE ratio of -270.67 and a beta of 1.72. The firm has a 50-day moving average of $83.24 and a 200-day moving average of $63.06. BILL has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new position in BILL in the 4th quarter valued at $264,000. GAMMA Investing LLC boosted its holdings in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Versant Capital Management Inc grew its position in shares of BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after purchasing an additional 340 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of BILL by 62.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after purchasing an additional 6,355 shares during the last quarter. Finally, Pier Capital LLC bought a new position in shares of BILL in the third quarter worth about $5,400,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.