Mizuho Cuts BILL (NYSE:BILL) Price Target to $52.00

BILL (NYSE:BILL) had its price objective decreased by Mizuho from $60.00 to $52.00 in a research note published on Wednesday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the stock. UBS Group lowered their price target on shares of BILL from $85.00 to $65.00 and set a buy rating for the company in a report on Thursday, August 15th. Needham & Company LLC reiterated a buy rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Canaccord Genuity Group restated a buy rating and set a $100.00 price target on shares of BILL in a report on Friday, August 23rd. JPMorgan Chase & Co. lowered their price objective on shares of BILL from $80.00 to $60.00 and set an overweight rating for the company in a research note on Tuesday, August 20th. Finally, William Blair reissued a market perform rating on shares of BILL in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $69.18.

BILL Trading Down 0.8 %

Shares of NYSE BILL opened at $54.56 on Wednesday. The firm has a 50 day moving average price of $50.74 and a two-hundred day moving average price of $56.72. The stock has a market cap of $5.79 billion, a P/E ratio of -69.06 and a beta of 1.61. BILL has a 52-week low of $43.11 and a 52-week high of $119.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The business had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts forecast that BILL will post -0.19 EPS for the current year.

Insiders Place Their Bets

In other BILL news, Director Brian Jacobs acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of $53.16 per share, with a total value of $265,800.00. Following the completion of the transaction, the director now owns 9,559 shares in the company, valued at $508,156.44. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Jacobs acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $53.16 per share, for a total transaction of $265,800.00. Following the completion of the acquisition, the director now owns 9,559 shares of the company’s stock, valued at $508,156.44. The disclosure for this purchase can be found here. Insiders have bought a total of 68,372 shares of company stock valued at $3,404,826 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its stake in BILL by 8.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,524 shares of the company’s stock worth $451,000 after purchasing an additional 429 shares during the period. Victory Capital Management Inc. increased its holdings in BILL by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock worth $1,121,000 after acquiring an additional 2,604 shares during the period. New York Life Investment Management LLC increased its holdings in BILL by 6.3% during the 4th quarter. New York Life Investment Management LLC now owns 11,678 shares of the company’s stock worth $953,000 after acquiring an additional 694 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in BILL by 45.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,869 shares of the company’s stock worth $234,000 after purchasing an additional 895 shares in the last quarter. Finally, River Global Investors LLP boosted its holdings in BILL by 32.1% in the 4th quarter. River Global Investors LLP now owns 12,608 shares of the company’s stock valued at $1,028,000 after purchasing an additional 3,063 shares during the period. 97.99% of the stock is owned by 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.