BILL Holdings, Inc. (NYSE:BILL) Receives Average Rating of “Moderate Buy” from Brokerages

BILL Holdings, Inc. (NYSE:BILL) has been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.89.

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Thursday, January 16th. 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. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price target on shares of BILL in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Groupama Asset Managment grew its stake in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the last quarter. Abdiel Capital Advisors LP grew its position in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock valued at $1,091,019,000 after buying an additional 1,241,432 shares in the last quarter. Norges Bank acquired a new stake in shares of BILL during the 4th quarter valued at $99,906,000. Finally, Invesco Ltd. boosted its stake in shares of BILL by 828.1% during the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock worth $110,269,000 after acquiring an additional 1,161,457 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of NYSE:BILL opened at $48.64 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $65.68 and a 200 day simple moving average of $69.95. BILL has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. The company has a market cap of $4.96 billion, a PE ratio of -4,863.80, a P/E/G ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, sell-side analysts anticipate that BILL will post 0.12 EPS 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.