BILL (NYSE:BILL) Given New $60.00 Price Target at The Goldman Sachs Group

BILL (NYSE:BILL) had its price objective decreased by The Goldman Sachs Group from $90.00 to $60.00 in a research note released on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BILL. Oppenheimer reduced their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Keefe, Bruyette & Woods lowered their target price on BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, Robert W. Baird raised their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $77.94.

BILL Price Performance

BILL stock opened at $46.85 on Wednesday. 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’s 50-day moving average is $61.38 and its 200-day moving average is $69.74. The stock has a market capitalization of $4.78 billion, a PE ratio of -4,685.00, a price-to-earnings-growth 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 posted its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. Equities research analysts expect that BILL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new position in BILL in the 4th quarter worth approximately $828,000. Choreo LLC bought a new stake in shares of BILL in the 4th quarter worth $409,000. Rhumbline Advisers raised its stake in shares of BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after purchasing an additional 164,182 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock valued at $1,543,000 after purchasing an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of BILL during the fourth quarter valued at $919,000. 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.