Robert W. Baird Cuts BILL (NYSE:BILL) Price Target to $55.00

BILL (NYSE:BILL) had its price objective cut by Robert W. Baird from $82.00 to $55.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Piper Sandler restated an “overweight” rating and issued a $85.00 price objective on shares of BILL in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, KeyCorp lowered their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

BILL Stock Performance

BILL opened at $39.53 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88. The business’s 50-day moving average price is $59.30 and its two-hundred day moving average price is $69.73. BILL has a 1 year low of $38.03 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

BILL (NYSE:BILL) last announced its 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%. Equities analysts expect that BILL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Price T Rowe Associates Inc. MD lifted its holdings in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock worth $1,091,019,000 after buying an additional 1,241,432 shares in the last quarter. Groupama Asset Managment raised its stake in BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after purchasing an additional 3,500,000 shares in the last quarter. Geode Capital Management LLC raised its stake in BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after purchasing an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after purchasing an additional 852,863 shares during the period. Finally, Greenhouse Funds LLLP increased its holdings in shares of BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company’s stock worth $118,307,000 after purchasing an additional 11,002 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

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.