BILL (NYSE:BILL) Given New $75.00 Price Target at BMO Capital Markets

BILL (NYSE:BILL) had its price objective decreased by BMO Capital Markets from $82.00 to $75.00 in a report issued on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities analysts also recently issued reports on BILL. Wells Fargo & Company reissued an underweight rating and issued a $60.00 target price (down from $70.00) on shares of BILL in a research report on Monday, April 1st. Oppenheimer upped their price target on shares of BILL from $75.00 to $83.00 and gave the company an overweight rating in a report on Friday, February 9th. Jefferies Financial Group dropped their target price on BILL from $95.00 to $80.00 and set a buy rating on the stock in a report on Monday, April 29th. BNP Paribas raised shares of BILL from an underperform rating to a neutral rating and set a $72.00 price objective on the stock in a research note on Wednesday, March 13th. Finally, Citigroup raised their price target on shares of BILL from $85.00 to $86.00 and gave the company a buy rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $99.62.

BILL Stock Performance

Shares of BILL traded down $6.72 during midday trading on Friday, hitting $56.58. 7,372,979 shares of the company’s stock traded hands, compared to its average volume of 1,547,327. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. BILL has a 1 year low of $51.94 and a 1 year high of $139.50. The firm’s fifty day moving average is $64.29 and its 200-day moving average is $71.33.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Research analysts expect that BILL will post 0.03 EPS for the current year.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 920 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by insiders.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new position in BILL during the fourth quarter worth $35,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of BILL by 57.2% during 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. Garner Asset Management Corp acquired a new stake in shares of BILL during the fourth quarter worth $90,000. Sands Capital Management LLC acquired a new position in BILL in the third quarter valued at $136,000. Finally, Signaturefd LLC lifted its position in BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after buying an additional 157 shares during the period. Hedge funds and other 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.