BILL Holdings, Inc. (NYSE:BILL) Given Average Rating of “Moderate Buy” by Brokerages

BILL Holdings, Inc. (NYSE:BILL – Get Rating) has been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $125.50.

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BILL from $150.00 to $110.00 in a research note on Thursday, April 20th. Citigroup boosted their price objective on shares of BILL from $108.00 to $110.00 in a report on Friday, May 5th. Morgan Stanley lowered their price target on shares of BILL from $185.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 3rd. Oppenheimer decreased their price objective on shares of BILL from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Finally, Robert W. Baird upped their price target on shares of BILL from $86.00 to $96.00 in a research report on Friday, May 5th.

Insider Activity at BILL

In other news, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $95.00, for a total value of $570,760.00. Following the completion of the transaction, the chief financial officer now directly owns 28,866 shares of the company’s stock, valued at $2,742,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO John R. Rettig sold 6,008 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $95.00, for a total transaction of $570,760.00. Following the completion of the sale, the chief financial officer now owns 28,866 shares of the company’s stock, valued at approximately $2,742,270. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Jacobs sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $98.70, for a total transaction of $197,400.00. Following the sale, the director now owns 2,826 shares in the company, valued at $278,926.20. The disclosure for this sale can be found here. Insiders sold a total of 8,855 shares of company stock worth $852,013 in the last quarter. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On BILL

A number of large investors have recently bought and sold shares of BILL. Global Retirement Partners LLC raised its holdings in BILL by 60.8% in the third quarter. Global Retirement Partners LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Utah Retirement Systems grew its holdings in BILL by 0.6% during the third quarter. Utah Retirement Systems now owns 17,510 shares of the company’s stock valued at $2,317,000 after purchasing an additional 100 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of BILL by 0.5% in the third quarter. Hsbc Holdings PLC now owns 21,924 shares of the company’s stock valued at $2,921,000 after acquiring an additional 105 shares during the period. Taylor Frigon Capital Management LLC lifted its holdings in shares of BILL by 0.5% during the third quarter. Taylor Frigon Capital Management LLC now owns 21,643 shares of the company’s stock valued at $2,865,000 after acquiring an additional 118 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of BILL by 1.1% in the fourth quarter. Summit Trail Advisors LLC now owns 10,538 shares of the company’s stock valued at $1,148,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

BILL Price Performance

NYSE BILL opened at $93.70 on Monday. The business’s fifty day moving average price is $78.96 and its 200-day moving average price is $97.88. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of -33.71 and a beta of 1.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. BILL has a 1-year low of $68.30 and a 1-year high of $179.85.

About BILL

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.