BILL (NYSE:BILL) PT Lowered to $74.00

BILL (NYSE:BILL) had its price target trimmed by Robert W. Baird from $78.00 to $74.00 in a report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on BILL. Wells Fargo & Company reissued an underweight rating and issued a $60.00 price objective (down from $70.00) on shares of BILL in a research report on Monday, April 1st. Citigroup raised their price target on shares of BILL from $85.00 to $86.00 and gave the stock a buy rating in a research report on Monday, February 12th. Needham & Company LLC reaffirmed a buy rating and set a $100.00 price target on shares of BILL in a research report on Friday, February 9th. BNP Paribas raised shares of BILL from an underperform rating to a neutral rating and set a $72.00 price target on the stock in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BILL presently has a consensus rating of Moderate Buy and a consensus price target of $103.57.

BILL Stock Down 1.5 %

BILL stock opened at $60.50 on Monday. The stock has a market capitalization of $6.36 billion, a PE ratio of -56.02, a price-to-earnings-growth ratio of 82.45 and a beta of 1.66. BILL has a twelve month low of $51.94 and a twelve month high of $139.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $64.28 and a 200-day moving average of $73.09.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. The business had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. On average, equities research analysts anticipate that BILL will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in BILL by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock worth $806,234,000 after purchasing an additional 162,428 shares during the last quarter. Lone Pine Capital LLC lifted its position in shares of BILL by 39.7% during the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares in the last quarter. Coatue Management LLC purchased a new position in shares of BILL during the 4th quarter valued at about $163,218,000. Abdiel Capital Advisors LP lifted its position in shares of BILL by 16.6% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock valued at $139,632,000 after buying an additional 243,788 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of BILL during the 4th quarter valued at about $95,702,000. 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.