BILL (NYSE:BILL) Given New $100.00 Price Target at Robert W. Baird

BILL (NYSE:BILL) had its target price upped by equities research analysts at Robert W. Baird from $74.00 to $100.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 11.46% from the company’s previous close.

Several other brokerages have also weighed in on BILL. Piper Sandler boosted their price objective on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Susquehanna reissued a “positive” rating and set a $100.00 price target on shares of BILL in a research report on Monday, August 19th. UBS Group decreased their price objective on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Morgan Stanley increased their target price on shares of BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price target on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.28.

BILL Stock Up 0.2 %

Shares of NYSE:BILL traded up $0.20 during midday trading on Tuesday, reaching $89.72. The company had a trading volume of 173,680 shares, compared to its average volume of 1,906,405. BILL has a one year low of $43.11 and a one year high of $94.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $9.29 billion, a P/E ratio of -271.24 and a beta of 1.71. The stock’s fifty day moving average price is $66.13 and its 200-day moving average price is $56.61.

Insider Activity at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the 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 completion of the transaction, the director now directly owns 1,038 shares in the company, valued at $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares in the company, 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 sold 2,823 shares of company stock worth $218,887 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in BILL in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. grew its position in BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of BILL by 377.8% in the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares in the last quarter. Covestor Ltd lifted its position in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after acquiring an additional 249 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of BILL by 1,167.5% during the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock worth $101,000 after acquiring an additional 1,763 shares in the last quarter. 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.