BILL (NYSE:BILL) Price Target Raised to $100.00 at Susquehanna

BILL (NYSE:BILL) had its price objective upped by Susquehanna from $91.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other brokerages have also weighed in on BILL. Oppenheimer raised their price objective on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, September 12th. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a report on Wednesday, December 18th. Finally, Robert W. Baird raised their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, BILL currently has a consensus rating of “Hold” and an average price target of $83.53.

BILL Price Performance

Shares of NYSE BILL opened at $83.75 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The business has a 50 day moving average price of $84.39 and a two-hundred day moving average price of $63.59. The firm has a market cap of $8.67 billion, a PE ratio of -253.79 and a beta of 1.72.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now directly owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BILL. Commonwealth Equity Services LLC boosted its stake in BILL by 42.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,839 shares of the company’s stock valued at $676,000 after purchasing an additional 3,847 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of BILL by 5.8% in the second quarter. Arizona State Retirement System now owns 27,960 shares of the company’s stock valued at $1,471,000 after buying an additional 1,533 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of BILL in the second quarter valued at $2,203,000. Quest Partners LLC boosted its stake in BILL by 1,380.4% during the second quarter. Quest Partners LLC now owns 16,580 shares of the company’s stock valued at $872,000 after buying an additional 15,460 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in BILL by 0.4% during the second quarter. American Century Companies Inc. now owns 171,273 shares of the company’s stock worth $9,012,000 after acquiring an additional 709 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.