BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Hold” from Analysts

by · The Markets Daily

BILL Holdings, Inc. (NYSE:BILL – Get Free Report) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $70.24.

BILL has been the topic of a number of research reports. Mizuho reduced their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Wolfe Research downgraded BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, September 12th. Robert W. Baird cut their price target on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, Keefe, Bruyette & Woods lowered their price objective on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd.

View Our Latest Analysis on BILL

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte bought 42,248 shares of the company’s stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Rene A. Lacerte bought 42,248 shares of the stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rajesh A. Aji sold 2,486 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the sale, the insider now owns 7,812 shares in the company, valued at approximately $427,550.76. The disclosure for this sale can be found here. Insiders have acquired a total of 68,372 shares of company stock valued at $3,404,826 over the last 90 days. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its stake in shares of BILL by 8.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,524 shares of the company’s stock worth $451,000 after buying an additional 429 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BILL by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock valued at $41,484,000 after purchasing an additional 36,233 shares during the last quarter. Corient Private Wealth LLC boosted its position in BILL by 175.5% during the fourth quarter. Corient Private Wealth LLC now owns 6,983 shares of the company’s stock valued at $570,000 after purchasing an additional 4,448 shares during the last quarter. Quest Partners LLC bought a new position in BILL in the fourth quarter valued at approximately $35,000. Finally, Advisory Services Network LLC increased its position in shares of BILL by 8.4% during the 4th quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Trading Up 0.3 %

BILL stock opened at $51.40 on Thursday. The business has a fifty day moving average price of $51.09 and a 200 day moving average price of $54.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $118.69. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of -65.06 and a beta of 1.61.

BILL (NYSE:BILL – Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The business had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts expect that BILL will post -0.58 EPS for the current fiscal year.

About BILL

(Get Free Report

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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