Susquehanna Trims Bill.com (NYSE:BILL) Target Price to $120.00

Bill.com (NYSE:BILL – Get Rating) had its price target cut by Susquehanna from $140.00 to $120.00 in a research report sent to investors on Thursday, The Fly reports.

Several other research analysts have also recently commented on the company. Needham & Company LLC reissued a buy rating and set a $200.00 price target on shares of Bill.com in a research report on Friday, March 3rd. Citigroup initiated coverage on Bill.com in a research report on Friday, January 27th. They set a buy rating and a $131.00 price target on the stock. KeyCorp raised their target price on Bill.com from $125.00 to $130.00 and gave the company an overweight rating in a report on Monday, January 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Bill.com from $200.00 to $150.00 and set a buy rating on the stock in a report on Tuesday, January 24th. Finally, Sumitomo Mitsui Financial Group reaffirmed a neutral rating and set a $110.00 target price (down from $140.00) on shares of Bill.com in a research report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $155.29.

Bill.com Stock Performance

BILL stock opened at $73.64 on Thursday. Bill.com has a twelve month low of $68.30 and a twelve month high of $244.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. The business has a fifty day moving average of $95.93 and a 200-day moving average of $115.30.

Bill.com (NYSE:BILL – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.88) by $0.27. The company had revenue of $260.01 million during the quarter, compared to the consensus estimate of $242.59 million. Bill.com had a negative return on equity of 6.23% and a negative net margin of 40.65%. As a group, equities research analysts predict that Bill.com will post -2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $100.80, for a total transaction of $605,606.40. Following the sale, the chief financial officer now directly owns 26,658 shares in the company, valued at approximately $2,687,126.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bill.com news, CFO John R. Rettig sold 6,008 shares of Bill.com stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $100.80, for a total value of $605,606.40. Following the sale, the chief financial officer now directly owns 26,658 shares in the company, valued at approximately $2,687,126.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rajesh A. Aji sold 847 shares of Bill.com stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.00, for a total transaction of $83,853.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,023 shares of company stock worth $1,263,303. 5.00% of the stock is owned by insiders.

Institutional Trading of Bill.com

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in shares of Bill.com by 11.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,327 shares of the company’s stock worth $146,000 after buying an additional 137 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Bill.com by 1.6% during the 3rd quarter. Treasurer of the State of North Carolina now owns 43,169 shares of the company’s stock worth $5,714,000 after acquiring an additional 660 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Bill.com by 39.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 51,105 shares of the company’s stock valued at $5,619,000 after purchasing an additional 14,502 shares in the last quarter. Synovus Financial Corp acquired a new position in Bill.com during the 3rd quarter valued at approximately $254,000. Finally, Vanguard Group Inc. increased its stake in Bill.com by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,088,668 shares of the company’s stock valued at $1,203,066,000 after purchasing an additional 141,040 shares in the last quarter. 95.80% of the stock is currently owned by institutional investors.

Bill.com Company Profile

(Get Rating)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.