BILL (NYSE:BILL) Upgraded to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BILL (NYSE:BILL) from a neutral rating to a buy rating in a research report report published on Thursday,Benzinga reports. The firm currently has $104.00 price target on the stock, up from their prior price target of $96.00.

A number of other equities research analysts have also issued reports on the stock. Mizuho raised their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley raised their target price on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lowered their price target on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday. Oppenheimer lifted their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.95.

BILL Stock Performance

NYSE:BILL opened at $82.49 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The firm has a market cap of $8.54 billion, a PE ratio of -249.97 and a beta of 1.72. The business has a 50 day moving average price of $85.38 and a 200-day moving average price of $63.85.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

Institutional investors have recently modified their holdings of the business. Abdiel Capital Advisors LP lifted its stake in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after purchasing an additional 575,084 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the period. Two Sigma Advisers LP boosted its holdings in BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Finally, Marshall Wace LLP grew its position in BILL by 13.9% in the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock worth $33,463,000 after purchasing an additional 77,508 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.