Mizuho Trims BILL (NYSE:BILL) Target Price to $60.00

BILL (NYSE:BILL) had its price target trimmed by Mizuho from $65.00 to $60.00 in a report issued on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group decreased their target price on BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. BMO Capital Markets decreased their target price on BILL from $82.00 to $75.00 and set a market perform rating for the company in a research report on Friday, May 3rd. Needham & Company LLC reissued a buy rating and issued a $100.00 target price on shares of BILL in a research report on Friday, May 3rd. Oppenheimer increased their price objective on BILL from $75.00 to $83.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Finally, Wells Fargo & Company reaffirmed an underweight rating and set a $60.00 price objective (down from $70.00) on shares of BILL in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $97.35.

BILL Trading Down 2.4 %

NYSE:BILL opened at $56.29 on Monday. The stock has a 50-day simple moving average of $63.88 and a 200-day simple moving average of $69.81. The stock has a market cap of $5.92 billion, a P/E ratio of -71.25, a P/E/G ratio of 62.44 and a beta of 1.68. BILL has a 1 year low of $51.94 and a 1 year high of $139.50. 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 released its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. As a group, analysts anticipate that BILL will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BILL. Coatue Management LLC purchased a new position in BILL in the fourth quarter valued at approximately $163,218,000. Norges Bank purchased a new position in BILL in the fourth quarter valued at approximately $95,702,000. Lone Pine Capital LLC raised its holdings in BILL by 39.7% in the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares during the period. Contour Asset Management LLC purchased a new position in BILL in the fourth quarter valued at approximately $49,509,000. Finally, Gotham Asset Management LLC raised its holdings in BILL by 14,421.8% in the fourth quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock valued at $41,481,000 after buying an additional 504,907 shares during the period. 97.99% of the stock is currently 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.