BILL (NYSE:BILL) Downgraded to Peer Perform at Wolfe Research

Wolfe Research downgraded shares of BILL (NYSE:BILL) from an outperform rating to a peer perform rating in a research note released on Thursday morning, Marketbeat reports.

A number of other brokerages also recently weighed in on BILL. Jefferies Financial Group lowered their price target on BILL from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 29th. BMO Capital Markets dropped their price target on BILL from $82.00 to $75.00 and set a market perform rating on the stock in a research note on Friday, May 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $70.00 to $60.00 and set a market perform rating for the company in a research report on Monday, July 8th. Oppenheimer dropped 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. Finally, The Goldman Sachs Group reduced their target price on shares of BILL from $98.00 to $86.00 and set a buy rating for the company in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $87.94.

BILL Trading Down 2.8 %

NYSE BILL opened at $46.77 on Thursday. BILL has a 12 month low of $44.13 and a 12 month high of $119.32. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $51.15 and a 200-day moving average of $60.12. The company has a market cap of $4.96 billion, a PE ratio of -59.20 and a beta of 1.61.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $323.03 million during the quarter, compared to analysts’ expectations of $305.23 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. On average, equities research analysts anticipate that BILL will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now owns 9,126 shares of the company’s stock, valued at approximately $470,901.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Germaine Cota sold 642 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total value of $33,120.78. Following the completion of the transaction, the senior vice president now owns 6,057 shares of the company’s stock, valued at $312,480.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now owns 9,126 shares in the company, valued at $470,901.60. The disclosure for this sale can be found here. Insiders own 3.80% 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 BILL. Quest Partners LLC acquired a new position in shares of BILL during the fourth quarter worth $35,000. Advisors Asset Management Inc. increased its holdings in 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 purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc bought a new position in BILL in the second quarter valued at about $46,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares in the last quarter. Finally, Garner Asset Management Corp bought a new stake in shares of BILL during the fourth quarter worth about $90,000. 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.