Susquehanna Reaffirms “Positive” Rating for BILL (NYSE:BILL)

Susquehanna reissued their positive rating on shares of BILL (NYSE:BILL) in a research report report published on Monday, Benzinga reports. The firm currently has a $100.00 price target on the stock.

Several other analysts have also recently weighed in on BILL. UBS Group cut their price target on shares of BILL from $85.00 to $65.00 and set a buy rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group lowered their price target on shares of BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. Needham & Company LLC reissued a buy rating and issued a $100.00 target price on shares of BILL in a research note on Friday, July 26th. Canaccord Genuity Group reaffirmed a buy rating and issued a $100.00 price target on shares of BILL in a research report on Friday, May 3rd. Finally, Oppenheimer cut their price objective on shares of BILL from $95.00 to $70.00 and set an outperform rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $74.13.

BILL Trading Up 1.8 %

NYSE:BILL opened at $51.45 on Monday. The firm has a market capitalization of $5.46 billion, a P/E ratio of -65.13 and a beta of 1.61. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $50.17 and a 200 day moving average of $57.66. BILL has a 52 week low of $43.11 and a 52 week high of $119.32.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the sale, the senior vice president now directly owns 6,057 shares in the company, valued at approximately $312,480.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the sale, the insider now directly owns 9,126 shares of the company’s stock, valued at approximately $470,901.60. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

Several institutional investors have recently made changes to their positions in BILL. Quest Partners LLC purchased a new position in BILL during the fourth quarter valued at $35,000. Advisors Asset Management Inc. increased its holdings in shares of BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in BILL during the second quarter valued at approximately $46,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the period. Finally, Garner Asset Management Corp bought a new position in shares of BILL during the 4th quarter valued at approximately $90,000. 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.