BILL (NYSE:BILL) Earns Market Perform Rating from William Blair

William Blair reiterated their market perform rating on shares of BILL (NYSE:BILL) in a research report released on Friday morning, Zacks.com reports.

BILL has been the subject of a number of other research reports. BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price target for the company in a research note on Wednesday, March 13th. Wells Fargo & Company restated an underweight rating and issued a $60.00 price target (down from $70.00) on shares of BILL in a research note on Monday, April 1st. Jefferies Financial Group reduced their price objective on shares of BILL from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 29th. Canaccord Genuity Group restated a buy rating and set a $100.00 target price on shares of BILL in a research report on Friday. Finally, Oppenheimer lifted their price target on shares of BILL from $75.00 to $83.00 and gave the company an overweight rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $97.35.

BILL Price Performance

NYSE BILL opened at $56.87 on Friday. The business’s fifty day moving average is $64.02 and its 200 day moving average is $70.12. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.98 billion, a PE ratio of -71.99, a price-to-earnings-growth ratio of 62.44 and a beta of 1.68.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. Sell-side analysts predict that BILL will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of BILL in the 4th quarter valued at about $35,000. Benjamin F. Edwards & Company Inc. raised its stake in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after buying an additional 295 shares in the last quarter. Garner Asset Management Corp purchased a new stake in BILL during the fourth quarter worth $90,000. Sands Capital Management LLC purchased a new position in shares of BILL in the 3rd quarter valued at $136,000. Finally, Principal Securities Inc. bought a new position in shares of BILL in the 4th quarter worth $138,000. 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.