Susquehanna Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target boosted by Susquehanna from $91.00 to $100.00 in a report issued on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

BILL has been the subject of several other research reports. Keefe, Bruyette & Woods cut their price target on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday. KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a research report on Wednesday, December 18th. Mizuho lifted their price objective on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley upped their target price on BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Oppenheimer raised their price target on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.53.

BILL Stock Performance

Shares of BILL stock opened at $83.75 on Tuesday. The stock has a fifty day moving average price of $84.39 and a 200 day moving average price of $63.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $8.67 billion, a PE ratio of -253.79 and a beta of 1.72. BILL has a 1 year low of $43.11 and a 1 year high of $97.86.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of BILL

A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in shares of BILL by 42.8% during the second quarter. Commonwealth Equity Services LLC now owns 12,839 shares of the company’s stock worth $676,000 after purchasing an additional 3,847 shares in the last quarter. Arizona State Retirement System lifted its position in BILL by 5.8% during the 2nd quarter. Arizona State Retirement System now owns 27,960 shares of the company’s stock worth $1,471,000 after acquiring an additional 1,533 shares in the last quarter. Acadian Asset Management LLC purchased a new position in BILL in the 2nd quarter worth approximately $2,203,000. Quest Partners LLC grew its position in BILL by 1,380.4% in the second quarter. Quest Partners LLC now owns 16,580 shares of the company’s stock valued at $872,000 after acquiring an additional 15,460 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of BILL by 0.4% during the second quarter. American Century Companies Inc. now owns 171,273 shares of the company’s stock valued at $9,012,000 after purchasing an additional 709 shares during the period. 97.99% of the stock is 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.