BILL Holdings, Inc. (NYSE:BILL) Given Consensus Recommendation of “Moderate Buy” by Analysts

BILL Holdings, Inc. (NYSE:BILL) has earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $87.94.

Several equities research analysts recently issued reports on BILL shares. Robert W. Baird upped their price target on BILL from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Oppenheimer reduced their target price on shares of BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Keefe, Bruyette & Woods dropped their price target on shares of BILL from $70.00 to $60.00 and set a “market perform” rating on the stock in a research report on Monday, July 8th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, July 26th. Finally, Wolfe Research lowered shares of BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st.

Insider Activity at BILL

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

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently bought and sold shares of BILL. Fifth Third Bancorp grew its position in shares of BILL by 3.8% during the 1st quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock valued at $314,000 after purchasing an additional 168 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in BILL by 5.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after buying an additional 170 shares in the last quarter. Advisory Services Network LLC increased its stake in BILL by 8.4% in the 4th quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after acquiring an additional 205 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after acquiring an additional 257 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of BILL by 1.1% during the 4th quarter. Arizona State Retirement System now owns 26,369 shares of the company’s stock valued at $2,151,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL stock opened at $46.94 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50-day simple moving average of $50.51 and a two-hundred day simple moving average of $59.12. The company has a market capitalization of $4.98 billion, a P/E ratio of -59.42 and a beta of 1.61. BILL has a 52-week low of $43.11 and a 52-week high of $119.32.

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.