BILL (NYSE:BILL) Price Target Raised to $74.00 at Robert W. Baird

BILL (NYSE:BILL) had its price objective raised by Robert W. Baird from $62.00 to $74.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential downside of 4.28% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. UBS Group decreased their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Oppenheimer decreased their price target on shares of BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Mizuho decreased their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Finally, 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 research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL presently has an average rating of “Hold” and an average target price of $73.65.

BILL Stock Performance

Shares of NYSE:BILL opened at $77.31 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL has a 52-week low of $43.11 and a 52-week high of $87.05. The company has a 50 day moving average of $55.45 and a two-hundred day moving average of $53.63.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the company earned $0.10 earnings per share. BILL’s revenue for the quarter was up 16.1% on a year-over-year basis. Sell-side analysts predict that BILL will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other BILL news, SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares in the company, valued at approximately $375,639.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now owns 1,038 shares in the company, valued at $59,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BILL

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. Abdiel Capital Advisors LP raised its stake in shares of BILL by 46.4% during the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock valued at $181,793,000 after purchasing an additional 1,095,396 shares in the last quarter. Kodai Capital Management LP bought a new stake in shares of BILL during the first quarter valued at about $59,341,000. Dimensional Fund Advisors LP raised its stake in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares in the last quarter. Finally, Clearline Capital LP raised its stake in shares of BILL by 201.6% during the second quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock valued at $18,141,000 after purchasing an additional 230,435 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

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.