Robert W. Baird Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

BILL (NYSE:BILL) had its target price upped by stock analysts at Robert W. Baird from $62.00 to $74.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential downside of 4.28% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Wolfe Research cut shares of BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Keefe, Bruyette & Woods lowered their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Finally, Oppenheimer lowered their price target on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.65.

BILL Price Performance

Shares of BILL opened at $77.31 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The company’s fifty day moving average is $55.45 and its two-hundred day moving average is $53.63. BILL has a 1 year low of $43.11 and a 1 year high of $87.05.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. BILL’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, analysts forecast that BILL will post -0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now directly owns 1,038 shares in the company, valued at $59,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Germaine Cota sold 803 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the transaction, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. 3.80% of the stock is owned by insiders.

Institutional Trading of BILL

A number of institutional investors and hedge funds have recently bought and sold shares of BILL. Abdiel Capital Advisors LP increased its position in BILL by 46.4% during the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock worth $181,793,000 after purchasing an additional 1,095,396 shares in the last quarter. Kodai Capital Management LP acquired a new stake in BILL during the 1st quarter worth approximately $59,341,000. Dimensional Fund Advisors LP increased its position in BILL by 70.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Assenagon Asset Management S.A. increased its position in BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after purchasing an additional 284,935 shares in the last quarter. Finally, Clearline Capital LP increased its position in BILL by 201.6% during the 2nd quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock worth $18,141,000 after purchasing an additional 230,435 shares in the last quarter. Institutional investors and hedge funds 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.