2 weeks Ago By ABMN Staff
BILL Holdings, Inc. ( NYSE:BILL – Get Free Report ) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,800,000 shares, a growth of 21.
8% from the August 31st total of 3,120,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 2.1 days.
BILL Price Performance BILL traded down $0.42 during midday trading on Monday, reaching $52.76.
899,643 shares of the company’s stock were exchanged, compared to its average volume of 1,982,320. BILL has a 1-year low of $43.11 and a 1-year high of $118.
69. The stock has a market capitalization of $5.60 billion, a PE ratio of -67.
32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.
22, a current ratio of 1.55 and a quick ratio of 1.55.
The business’s 50-day moving average price is $51.16 and its 200 day moving average price is $55.06.
BILL ( NYSE:BILL – Get Free Report ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
46 by $0.11. The firm had revenue of $343.
67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a positive return on equity of 1.
13% and a negative net margin of 2.24%. The company’s quarterly revenue was up 16.
1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS.
As a group, equities analysts anticipate that BILL will post -0.58 EPS for the current fiscal year. Insider Buying and Selling Institutional Trading of BILL Several institutional investors and hedge funds have recently made changes to their positions in BILL.
Gilbert & Cook Inc. lifted its holdings in BILL by 8.4% in the 4th quarter.
Gilbert & Cook Inc. now owns 5,524 shares of the company’s stock valued at $451,000 after purchasing an additional 429 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BILL by 7.
7% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock valued at $41,484,000 after buying an additional 36,233 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of BILL by 175.
5% during the fourth quarter. Corient Private Wealth LLC now owns 6,983 shares of the company’s stock valued at $570,000 after buying an additional 4,448 shares during the period. Quest Partners LLC acquired a new stake in BILL during the fourth quarter worth approximately $35,000.
Finally, Advisory Services Network LLC grew its stake in BILL by 8.4% in the 4th quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after acquiring an additional 205 shares during the period.
97.99% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities analysts recently weighed in on BILL shares.
BMO Capital Markets lowered their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th.
Evercore ISI lowered their target price on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd.
Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, August 23rd. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.
00 price objective on the stock in a report on Thursday, September 12th. Finally, UBS Group dropped their target price on BILL from $85.00 to $65.
00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, BILL presently has a consensus rating of “Hold” and an average price target of $70.24. Check Out Our Latest Research Report on BILL 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. Further Reading Receive News & Ratings for BILL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BILL and related companies with MarketBeat.com's FREE daily email newsletter .
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