BILL (NYSE:BILL) Given Market Perform Rating at William Blair

BILL (NYSE:BILL)‘s stock had its “market perform” rating reaffirmed by stock analysts at William Blair in a report issued on Friday, Zacks.com reports.

BILL has been the subject of a number of other reports. Citigroup upped their price objective on BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. dropped their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Jefferies Financial Group dropped their price objective on BILL from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 29th. BMO Capital Markets dropped their price objective on BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a report on Friday. Finally, Wells Fargo & Company restated an “underweight” rating and set a $60.00 price objective (down from $70.00) on shares of BILL in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.35.

BILL Trading Up 0.5 %

Shares of BILL opened at $56.87 on Friday. The stock has a fifty day moving average of $64.02 and a two-hundred day moving average of $70.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.98 billion, a PE ratio of -71.99, a price-to-earnings-growth ratio of 62.44 and a beta of 1.68. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. As a group, analysts forecast that BILL will post 0.04 EPS for the current year.

Insider Activity

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

Hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in BILL in the fourth quarter worth about $5,038,000. Carnegie Capital Asset Management LLC boosted its position in BILL by 105.7% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock valued at $6,508,000 after purchasing an additional 40,997 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in BILL during the 4th quarter valued at approximately $312,000. Blair William & Co. IL boosted its position in BILL by 18.1% during the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock valued at $5,940,000 after purchasing an additional 8,372 shares during the period. Finally, Rheos Capital Works Inc. boosted its position in BILL by 15.6% during the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock valued at $18,725,000 after purchasing an additional 31,000 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.