Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Target Price at $69.28

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.67.

BILL has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Mizuho decreased 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. Needham & Company LLC cut their price objective on BILL from $100.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Canaccord Genuity Group lowered their target price on BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, BTIG Research started coverage on BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target on the stock.

BILL Trading Up 1.6%

BILL stock traded up $0.77 during trading hours on Friday, hitting $48.50. The stock had a trading volume of 511,528 shares, compared to its average volume of 2,272,410. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL has a one year low of $36.55 and a one year high of $100.19. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -4,848.90, a P/E/G ratio of 29.46 and a beta of 1.44. The business's 50 day simple moving average is $44.65 and its 200-day simple moving average is $67.28.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The company had revenue of $358.22 million for the quarter, compared to analysts' expectations of $355.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. BILL's quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts predict that BILL will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On BILL

Several large investors have recently made changes to their positions in BILL. Price T Rowe Associates Inc. MD boosted its stake in 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 last quarter. Groupama Asset Managment boosted its stake in BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after buying an additional 3,500,000 shares during the period. Dimensional Fund Advisors LP increased its position in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after acquiring an additional 1,309,337 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BILL by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after acquiring an additional 119,711 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after acquiring an additional 852,863 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.