Keefe, Bruyette & Woods Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective cut by Keefe, Bruyette & Woods from $100.00 to $95.00 in a report released on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.43% from the stock’s previous close.

Several other equities analysts have also commented on the company. Robert W. Baird increased their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer lifted their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Thursday, September 12th. Finally, Morgan Stanley raised their price objective on BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BILL has an average rating of “Hold” and a consensus target price of $83.53.

BILL Stock Performance

NYSE BILL opened at $83.75 on Monday. BILL has a 52-week low of $43.11 and a 52-week high of $97.86. The company has a fifty day moving average of $84.39 and a 200-day moving average of $63.59. The company has a market capitalization of $8.67 billion, a P/E ratio of -253.79 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BILL. Everence Capital Management Inc. bought a new position in shares of BILL during the fourth quarter valued at approximately $264,000. GAMMA Investing LLC grew its stake in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the last quarter. Versant Capital Management Inc increased its position in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after buying an additional 340 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in BILL by 62.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after buying an additional 6,355 shares during the last quarter. Finally, Pier Capital LLC bought a new stake in BILL in the third quarter worth $5,400,000. 97.99% of the stock is currently owned by institutional investors.

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.