BILL (NYSE:BILL) PT Raised to $83.00 at Oppenheimer

BILL (NYSE:BILLFree Report) had its target price increased by Oppenheimer from $75.00 to $83.00 in a research report sent to investors on Friday morning. They currently have an overweight rating on the stock.

BILL has been the topic of several other research reports. Wells Fargo & Company downgraded shares of BILL from an overweight rating to an equal weight rating and dropped their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, January 23rd. Susquehanna reduced their price objective on shares of BILL from $160.00 to $145.00 and set a positive rating for the company in a research note on Tuesday, October 31st. William Blair cut shares of BILL from an outperform rating to a market perform rating in a research note on Friday, November 3rd. KeyCorp lowered shares of BILL from an overweight rating to a sector weight rating in a research report on Friday, November 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of BILL from $137.00 to $84.00 and set a buy rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $108.85.

View Our Latest Research Report on BILL

BILL Trading Up 0.8 %

NYSE:BILL opened at $66.00 on Friday. BILL has a one year low of $51.94 and a one year high of $139.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The company’s 50-day simple moving average is $76.08 and its 200 day simple moving average is $89.54. The firm has a market capitalization of $7.05 billion, a P/E ratio of -61.11 and a beta of 1.74.

Insider Buying and Selling at BILL

In other news, insider Loren Padelford sold 6,011 shares of BILL stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total value of $405,201.51. Following the transaction, the insider now owns 10,573 shares of the company’s stock, valued at approximately $712,725.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Rene A. Lacerte sold 12,137 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total value of $818,155.17. Following the completion of the transaction, the chief executive officer now directly owns 88,517 shares in the company, valued at approximately $5,966,930.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Loren Padelford sold 6,011 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $67.41, for a total transaction of $405,201.51. Following the transaction, the insider now owns 10,573 shares of the company’s stock, valued at $712,725.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,613 shares of company stock valued at $1,863,557. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

Hedge funds have recently modified their holdings of the business. Shepherd Financial Partners LLC grew its holdings in shares of BILL by 1.8% in the fourth quarter. Shepherd Financial Partners LLC now owns 22,292 shares of the company’s stock valued at $1,819,000 after purchasing an additional 396 shares during the period. Bank of Nova Scotia purchased a new stake in shares of BILL in the fourth quarter valued at about $377,000. Treasurer of the State of North Carolina grew its holdings in shares of BILL by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 45,494 shares of the company’s stock valued at $3,712,000 after purchasing an additional 440 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of BILL by 19.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,534 shares of the company’s stock valued at $207,000 after purchasing an additional 415 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of BILL by 114.7% in the fourth quarter. Hsbc Holdings PLC now owns 122,386 shares of the company’s stock valued at $10,038,000 after purchasing an additional 65,393 shares during the period.

About BILL

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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.

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Analyst Recommendations for BILL (NYSE:BILL)

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