BILL (NYSE:BILL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

BILL (NYSE:BILL) had its target price increased by The Goldman Sachs Group from $60.00 to $77.00 in a report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

BILL has been the subject of a number of other research reports. Wells Fargo & Company decreased their price target on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. Keefe, Bruyette & Woods lowered their target price on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. Susquehanna restated a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Finally, Evercore ISI lowered their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.65.

BILL Stock Performance

NYSE BILL opened at $84.69 on Tuesday. The company has a fifty day moving average of $58.11 and a two-hundred day moving average of $54.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.55. BILL has a 1 year low of $43.11 and a 1 year high of $91.19. The company has a market capitalization of $8.77 billion, a PE ratio of -256.64 and a beta of 1.59.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The firm had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts expect that BILL will post -0.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On BILL

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of BILL during the third quarter valued at $28,000. Advisors Asset Management Inc. lifted its stake in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc acquired a new stake in BILL during the second quarter worth approximately $46,000. Venturi Wealth Management LLC grew its stake 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 acquiring an additional 1,020 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after acquiring an additional 700 shares during 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.