BILL (NYSE:BILL) PT Lowered to $80.00

BILL (NYSE:BILL) had its price objective trimmed by Jefferies Financial Group from $95.00 to $80.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

BILL has been the subject of a number of other reports. Needham & Company LLC reaffirmed a buy rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, February 9th. Citigroup increased their price objective on shares of BILL from $85.00 to $86.00 and gave the company a buy rating in a research note on Monday, February 12th. BNP Paribas raised shares of BILL from an underperform rating to a neutral rating and set a $72.00 price objective for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. dropped their target price on BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research report on Friday, February 9th. Finally, Oppenheimer boosted their price target on BILL from $75.00 to $83.00 and gave the stock an overweight rating 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 assigned a buy rating to the stock. According to data from MarketBeat, BILL currently has an average rating of Moderate Buy and an average price target of $101.57.

BILL Stock Up 0.7 %

Shares of NYSE BILL opened at $62.79 on Monday. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of -58.14, a PEG ratio of 84.82 and a beta of 1.66. The stock has a 50 day moving average price of $64.26 and a 200 day moving average price of $71.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last issued its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. The business had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. Sell-side analysts expect that BILL will post 0.03 earnings per share for the current year.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. M&T Bank Corp increased its holdings in shares of BILL by 0.9% during the 3rd quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock valued at $1,569,000 after purchasing an additional 128 shares in the last quarter. Signaturefd LLC grew its position in BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after buying an additional 157 shares during the period. Fifth Third Bancorp grew its position in BILL by 3.8% during the first quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock valued at $314,000 after buying an additional 168 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in BILL by 5.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock valued at $281,000 after buying an additional 170 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of BILL by 2.4% in the third quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock worth $804,000 after acquiring an additional 171 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

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.