Keefe, Bruyette & Woods Cuts BILL (NYSE:BILL) Price Target to $54.00

BILL (NYSE:BILL) had its target price decreased by research analysts at Keefe, Bruyette & Woods from $77.00 to $54.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 16.67% from the company’s current price.

BILL has been the subject of a number of other reports. Mizuho increased their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Monday, March 17th. Susquehanna boosted their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Oppenheimer decreased their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $85.00 target price on shares of BILL in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $79.61.

BILL Stock Down 4.5 %

Shares of NYSE BILL opened at $46.28 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The company has a 50-day moving average price of $64.03 and a 200-day moving average price of $69.98. The stock has a market capitalization of $4.72 billion, a P/E ratio of -4,628.30, a P/E/G ratio of 29.46 and a beta of 2.00. BILL has a 1 year low of $42.82 and a 1 year high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities research analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

Institutional Trading of BILL

A number of institutional investors have recently modified their holdings of BILL. Charles Schwab Investment Management Inc. raised its holdings in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after acquiring an additional 279,256 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of BILL by 2.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,090 shares of the company’s stock valued at $3,170,000 after purchasing an additional 1,342 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in BILL during the 3rd quarter worth about $1,388,000. Benjamin Edwards Inc. bought a new position in BILL in the 3rd quarter worth about $997,000. Finally, Arizona PSPRS Trust bought a new position in BILL in the 3rd quarter worth about $1,662,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.