BILL’s (BILL) Market Perform Rating Reiterated at William Blair

William Blair reaffirmed their market perform rating on shares of BILL (NYSE:BILL) in a research note issued to investors on Friday morning, Zacks.com reports.

Other analysts also recently issued reports about the company. Mizuho decreased their price target on BILL from $65.00 to $60.00 and set a neutral rating for the company in a report on Monday. BMO Capital Markets decreased their target price on BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their target price on BILL from $93.00 to $90.00 and set an overweight rating for the company in a report on Friday, February 9th. BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. Finally, Canaccord Genuity Group reiterated a buy rating and issued a $100.00 price objective on shares of BILL in a research note on Friday. One 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. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $97.35.

BILL Trading Up 0.5 %

Shares of BILL stock opened at $56.87 on Friday. The stock has a 50-day moving average of $64.02 and a 200-day moving average of $70.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of -71.99, a PEG ratio of 62.44 and a beta of 1.68. BILL has a 1-year low of $51.94 and a 1-year high of $139.50.

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

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the transaction, the senior vice president now directly owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently added to or reduced their stakes in BILL. SG Americas Securities LLC bought a new position in BILL in the 1st quarter valued at $304,000. Quantbot Technologies LP boosted its holdings in shares of BILL by 216.0% in the 1st quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock worth $554,000 after buying an additional 5,507 shares during the last quarter. Manchester Capital Management LLC grew its position in BILL by 22,727.9% during the first quarter. Manchester Capital Management LLC now owns 9,816 shares of the company’s stock valued at $675,000 after buying an additional 9,773 shares during the period. Cohen Capital Management Inc. bought a new position in BILL during the first quarter valued at about $2,746,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in BILL by 8,529.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock worth $1,488,000 after buying an additional 21,409 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

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.