Keefe, Bruyette & Woods Cuts BILL (NYSE:BILL) Price Target to $54.00

by · The Cerbat Gem

BILL (NYSE:BILL – Free Report) had its price target cut by Keefe, Bruyette & Woods from $77.00 to $54.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Several other brokerages have also recently issued reports on BILL. Robert W. Baird raised their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. KeyCorp reduced their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.94.

View Our Latest Report on BILL

BILL Stock Performance

Shares of BILL opened at $46.85 on Monday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of -4,685.00, a P/E/G ratio of 29.46 and a beta of 2.00. The business’s fifty day simple moving average is $61.38 and its two-hundred day simple moving average is $69.74. BILL has a 12 month low of $42.82 and a 12 month high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Research analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently made changes to their positions in BILL. Legato Capital Management LLC purchased a new position in BILL in the 4th quarter worth approximately $828,000. Choreo LLC bought a new stake in shares of BILL during the fourth quarter valued at approximately $409,000. Rhumbline Advisers lifted its holdings in shares of BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after buying an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock worth $1,543,000 after acquiring an additional 4,248 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in BILL during the fourth quarter valued at $919,000. Institutional investors own 97.99% of the company’s stock.

About BILL

(Get Free Report)

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.

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