BILL Holdings, Inc. (NYSE:BILL) Given Average Rating of “Hold” by Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been given an average recommendation of “Hold” by the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $74.65.

BILL has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Oppenheimer raised their target price on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BMO Capital Markets cut their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group raised their price objective on BILL from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rene A. Lacerte acquired 42,248 shares of the company’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares in the company, valued at approximately $9,138,750.40. This represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 6,112 shares valued at $398,910. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently added to or reduced their stakes in BILL. Brooklyn Investment Group acquired a new position in shares of BILL in the 3rd quarter valued at approximately $28,000. Advisors Asset Management Inc. increased its stake in shares of BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL during the 2nd quarter worth $46,000. Venturi Wealth Management LLC lifted its position in shares of BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Down 3.7 %

BILL stock opened at $86.38 on Friday. BILL has a twelve month low of $43.11 and a twelve month high of $91.19. The company has a quick ratio of 1.55, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $57.51 and a 200-day moving average of $54.14. The stock has a market capitalization of $8.94 billion, a PE ratio of -261.76 and a beta of 1.59.

BILL (NYSE:BILL) last released its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. On average, equities research analysts anticipate that BILL will post -0.57 EPS for the current fiscal 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.