William Blair Reaffirms “Market Perform” Rating for BILL (NYSE:BILL)

BILL (NYSE:BILL)‘s stock had its “market perform” rating reaffirmed by William Blair in a research report issued to clients and investors on Friday, Zacks.com reports.

Several other analysts also recently commented on BILL. Jefferies Financial Group lowered their target price on shares of BILL from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 29th. Piper Sandler dropped their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday. Robert W. Baird decreased their price target on BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Mizuho cut their price objective on BILL from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.35.

BILL Price Performance

Shares of NYSE BILL opened at $56.87 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of -71.99, a PEG ratio of 62.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The firm’s 50-day simple moving average is $64.02 and its 200 day simple moving average is $70.12.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. As a group, research analysts anticipate that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at BILL

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. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. SG Americas Securities LLC bought a new stake in BILL during the 1st quarter valued at $304,000. Quantbot Technologies LP increased its stake in shares of BILL by 216.0% during the first quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after buying an additional 5,507 shares during the period. Manchester Capital Management LLC lifted its stake in BILL by 22,727.9% in the first quarter. Manchester Capital Management LLC now owns 9,816 shares of the company’s stock worth $675,000 after acquiring an additional 9,773 shares during the period. Cohen Capital Management Inc. bought a new position in BILL during the 1st quarter worth about $2,746,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in BILL by 8,529.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock valued at $1,488,000 after purchasing an additional 21,409 shares during the period. Institutional investors own 97.99% of the company’s stock.

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.