BILL (NYSE:BILL) PT Lowered to $60.00 at Mizuho

BILL (NYSE:BILL) had its target price lowered by Mizuho from $65.00 to $60.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on BILL. Wells Fargo & Company reiterated an underweight rating and set a $60.00 target price (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. Piper Sandler lowered their target price on BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research note on Friday, April 12th. Canaccord Genuity Group restated a buy rating and set a $100.00 price target on shares of BILL in a research note on Friday, May 3rd. JPMorgan Chase & Co. lowered their price objective on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research report on Friday, February 9th. Finally, Jefferies Financial Group cut their price objective on shares of BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, BILL has a consensus rating of Moderate Buy and a consensus target price of $97.35.

BILL Price Performance

BILL stock opened at $57.69 on Monday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of -73.00, a PEG ratio of 62.44 and a beta of 1.68. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $63.73 and a 200 day moving average price of $69.72.

BILL (NYSE:BILL) last announced its quarterly 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. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. Equities research analysts anticipate that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the transaction, the senior vice president now directly 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 accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its stake in BILL by 7.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock worth $8,589,000 after buying an additional 8,839 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of BILL during the first quarter worth about $1,633,000. Illinois Municipal Retirement Fund acquired a new position in shares of BILL in the first quarter worth about $804,000. SG Americas Securities LLC purchased a new position in BILL in the first quarter valued at about $304,000. Finally, Quantbot Technologies LP grew its stake in BILL by 216.0% during the 1st quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after purchasing an additional 5,507 shares in the last quarter. 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.