Analysts Set BILL Holdings, Inc. (NYSE:BILL) PT at $74.65

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the company, MarketBeat.com 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 12 month price objective among analysts that have covered the stock in the last year is $74.65.

Several equities research analysts have recently weighed in on the company. Susquehanna reissued a “positive” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their price target on shares of BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Evercore ISI decreased their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Finally, BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, September 12th.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. 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 the stock. Covestor Ltd boosted its position in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after acquiring an additional 257 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in shares of BILL by 4.4% in the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of BILL by 7.1% during the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock valued at $411,000 after purchasing an additional 513 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Trading Down 2.0 %

BILL opened at $84.69 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.55. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $91.19. The company’s 50 day moving average price is $58.71 and its two-hundred day moving average price is $54.40. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of -256.64 and a beta of 1.59.

BILL (NYSE:BILL) last issued 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. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. BILL’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, research analysts predict that BILL will post -0.18 earnings per share for the current 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.