BILL (NYSE:BILL) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of BILL (NYSE:BILL - Free Report) in a research report report published on Thursday, Marketbeat.com reports. The firm issued a hold rating and a $49.00 price target on the stock.

A number of other analysts have also issued reports on the company. UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group cut their target price on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Canaccord Genuity Group dropped their price target on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Oppenheimer boosted their price target on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, BTIG Research initiated coverage on shares of BILL in a research note on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BILL presently has a consensus rating of "Hold" and an average target price of $62.10.

BILL Stock Performance

BILL stock traded down $1.55 during midday trading on Thursday, reaching $45.86. The stock had a trading volume of 2,504,313 shares, compared to its average volume of 2,358,701. The stock has a market cap of $4.72 billion, a PE ratio of -382.13, a P/E/G ratio of 9.72 and a beta of 1.35. 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 firm has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $55.14. BILL has a 52-week low of $36.55 and a 52-week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. As a group, equities research analysts anticipate that BILL will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction dated Friday, May 30th. The shares were 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 directly owned 9,512 shares of the company's stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BILL. Groupama Asset Managment raised its holdings 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 purchasing an additional 3,500,000 shares in the last quarter. Contour Asset Management LLC acquired a new position in BILL during the first quarter worth about $65,783,000. Dimensional Fund Advisors LP grew 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 worth $114,265,000 after buying an additional 1,309,337 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 worth $1,091,019,000 after buying an additional 1,241,432 shares during the period. Finally, Norges Bank acquired a new position in BILL during the fourth quarter worth about $99,906,000. 97.99% of the stock is owned by hedge funds and other 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.