BILL (NYSE:BILL) Given New $95.00 Price Target at Keefe, Bruyette & Woods

BILL (NYSE:BILL) had its target price reduced by Keefe, Bruyette & Woods from $100.00 to $95.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other research firms have also recently weighed in on BILL. Mizuho increased their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Robert W. Baird boosted their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer raised their target price on BILL from $70.00 to $83.00 and gave the company 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 price target for the company in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BILL has a consensus rating of “Hold” and an average price target of $83.53.

BILL Trading Down 1.0 %

BILL stock opened at $87.39 on Monday. BILL has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a market cap of $9.04 billion, a P/E ratio of -264.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day moving average is $83.85 and its 200-day moving average is $63.34.

Insider Transactions at BILL

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

Institutional Investors Weigh In On BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in BILL by 74.9% in the 4th 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. Brooklyn Investment Group bought a new position in shares of BILL in the third quarter worth about $28,000. Advisors Asset Management Inc. boosted its position in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after acquiring an additional 259 shares during the period. Venturi Wealth Management LLC grew its position in BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in BILL by 26.7% in the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.