BILL (NYSE:BILL) Stock Rating Upgraded by Morgan Stanley

BILL (NYSE:BILL) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Thursday,Briefing.com Automated Import reports. The firm presently has a $95.00 target price on the stock. Morgan Stanley’s price target suggests a potential upside of 9.22% from the stock’s previous close.

BILL has been the topic of several other reports. Oppenheimer increased their price objective on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a research note on Wednesday, December 18th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.95.

BILL Stock Performance

Shares of BILL opened at $86.98 on Thursday. The company has a market cap of $9.00 billion, a price-to-earnings ratio of -263.58 and a beta of 1.72. The business’s fifty day simple moving average is $86.79 and its two-hundred day simple moving average is $64.73. BILL has a 12 month low of $43.11 and a 12 month high of $97.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of BILL during the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. grew its position in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of BILL by 377.8% in the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after buying an additional 340 shares in the last quarter. 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.