The Goldman Sachs Group Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target boosted by The Goldman Sachs Group from $60.00 to $77.00 in a report released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on BILL. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Oppenheimer increased their target price on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. UBS Group lowered their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods decreased their price target on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus target price of $74.65.

BILL Stock Performance

Shares of NYSE BILL opened at $89.06 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $56.08 and its 200-day moving average price is $53.70. BILL has a 52-week low of $43.11 and a 52-week high of $90.16. The company has a market cap of $9.22 billion, a PE ratio of -269.88 and a beta of 1.59.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.53% and a net margin of 0.59%. The firm had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. During the same period last year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts anticipate that BILL will post -0.57 EPS for the current year.

Insider Buying and Selling at BILL

In other BILL news, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Rene A. Lacerte bought 42,248 shares of the company’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John R. Rettig purchased 21,124 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $49.40 per share, with a total value of $1,043,525.60. Following the purchase, the chief financial officer now directly owns 80,474 shares of the company’s stock, valued at approximately $3,975,415.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 68,372 shares of company stock valued at $3,404,826 and have sold 5,333 shares valued at $328,800. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BILL

Several hedge funds have recently made changes to their positions in BILL. Quantbot Technologies LP increased its position in BILL by 216.0% during the 1st quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after purchasing an additional 5,507 shares during the period. SG Americas Securities LLC purchased a new stake in BILL during the first quarter worth $304,000. Illinois Municipal Retirement Fund bought a new stake in BILL during the 1st quarter valued at $804,000. State Board of Administration of Florida Retirement System increased its holdings in shares of BILL by 7.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock valued at $8,589,000 after acquiring an additional 8,839 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of BILL by 250.6% in the 1st quarter. Intech Investment Management LLC now owns 30,276 shares of the company’s stock worth $2,081,000 after acquiring an additional 21,640 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other 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.