BILL (NYSE:BILL) Stock Price Expected to Rise, Susquehanna Analyst Says

BILL (NYSE:BILL) had its price target lifted by equities research analysts at Susquehanna from $91.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 18.30% from the stock’s previous close.

A number of other research firms also recently commented on BILL. Keefe, Bruyette & Woods cut their target price on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday. Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. BNP Paribas raised 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. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a research note on Wednesday, December 18th. Finally, Oppenheimer increased their price objective on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Hold” and an average target price of $83.53.

BILL Stock Performance

Shares of NYSE BILL traded down $2.97 during trading on Tuesday, reaching $84.53. 266,223 shares of the company traded hands, compared to its average volume of 2,088,454. The firm has a 50 day simple moving average of $83.85 and a 200-day simple moving average of $63.34. BILL has a 52-week low of $43.11 and a 52-week high of $97.86. The stock has a market capitalization of $8.75 billion, a PE ratio of -256.15 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock valued at $218,887 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Everence Capital Management Inc. purchased a new position in shares of BILL during the 4th quarter worth about $264,000. GAMMA Investing LLC lifted its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of BILL by 26.7% during the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after buying an additional 340 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of BILL by 62.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after buying an additional 6,355 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of BILL in the third quarter worth approximately $5,400,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.