BILL (NYSE:BILL) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL (NYSE:BILL) in a research note released on Thursday morning, MarketBeat.com reports. The firm issued a hold rating and a $49.00 target price on the stock.

A number of other research firms have also commented on BILL. Canaccord Genuity Group lowered their price target on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. The Goldman Sachs Group lowered their price target on BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price target on shares of BILL in a research report on Thursday, June 26th. Mizuho lowered their price target on BILL from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, May 12th. Finally, Seaport Res Ptn lowered BILL from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.10.

BILL Price Performance

BILL stock opened at $45.86 on Thursday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -382.13, a PEG ratio of 9.71 and a beta of 1.35. BILL has a 52-week low of $36.55 and a 52-week high of $100.19. The stock’s 50 day moving average price is $45.35 and its two-hundred day moving average price is $54.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The company had revenue of $358.22 million for the quarter, compared to analysts’ expectations of $355.85 million. During the same period last year, the business earned $0.60 EPS. BILL’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts predict that BILL will post 0.12 earnings per share for the current year.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the completion of the sale, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company’s stock, valued at $420,734.50. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. Price T Rowe Associates Inc. MD increased its stake in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock valued at $1,091,019,000 after buying an additional 1,241,432 shares during the period. Groupama Asset Managment grew its stake in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the period. Temasek Holdings Private Ltd grew its stake in BILL by 36.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company’s stock worth $170,706,000 after purchasing an additional 992,591 shares during the period. Ameriprise Financial Inc. grew its stake in BILL by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 2,490,921 shares of the company’s stock worth $114,308,000 after purchasing an additional 475,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in BILL by 110.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock worth $114,265,000 after purchasing an additional 1,309,337 shares during the period. Institutional investors own 97.99% of the company’s stock.

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.