BILL Holdings, Inc. (NYSE:BILL – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $97.93 and last traded at $98.39, with a volume of 1488697 shares traded. The stock had previously closed at $92.89.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Oppenheimer lifted their target price on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and increased their price target for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and an average price target of $85.00.
BILL Trading Up 0.8 %
Insider Buying and Selling
In related news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Principal Securities Inc. grew its position in BILL by 2,721.9% during the 4th quarter. Principal Securities Inc. now owns 903 shares of the company’s stock worth $76,000 after purchasing an additional 871 shares during the period. Rhumbline Advisers boosted its stake in shares of BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after buying an additional 164,182 shares during the last quarter. New Mexico Educational Retirement Board acquired a new stake in BILL during the fourth quarter worth about $1,779,000. New York State Teachers Retirement System purchased a new position in BILL during the fourth quarter valued at approximately $1,237,000. Finally, Legato Capital Management LLC acquired a new position in BILL in the fourth quarter valued at approximately $828,000. Hedge funds and other 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.
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