Keefe, Bruyette & Woods Cuts BILL (NYSE:BILL) Price Target to $95.00

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

Several other analysts also recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Mizuho raised their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research note on Wednesday, December 18th. Finally, BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, BILL currently has a consensus rating of “Hold” and a consensus target price of $83.53.

BILL Stock Down 1.5 %

Shares of BILL stock opened at $82.49 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -249.97 and a beta of 1.72. BILL has a twelve month low of $43.11 and a twelve month high of $97.86. The business’s 50 day simple moving average is $84.90 and its 200-day simple moving average is $63.72.

Insider Transactions at BILL

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

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new stake in shares of BILL in the fourth quarter worth $264,000. GAMMA Investing LLC grew its stake in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Versant Capital Management Inc grew its stake in BILL by 26.7% during 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. Y Intercept Hong Kong Ltd increased its holdings in shares of BILL by 62.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after purchasing an additional 6,355 shares during the period. Finally, Pier Capital LLC purchased a new stake in shares of BILL in the third quarter worth approximately $5,400,000. 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.