BILL (NYSE:BILL) Hits New 52-Week High – Time to Buy?

BILL Holdings, Inc. ( NYSE:BILL – Get Free Report )’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $91.

69 and last traded at $91.23, with a volume of 27781 shares. The stock had previously closed at $89.



98. Analysts Set New Price Targets BILL has been the subject of a number of analyst reports. JPMorgan Chase & Co.

decreased their price objective on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th.

BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, September 12th. Mizuho cut their price target on shares of BILL from $60.

00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Oppenheimer boosted their price objective on shares of BILL from $70.

00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of BILL from $60.

00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company.

According to MarketBeat, BILL currently has a consensus rating of “Hold” and a consensus price target of $74.65. Read Our Latest Research Report on BILL BILL Price Performance BILL ( NYSE:BILL – Get Free Report ) last announced its earnings results on Thursday, August 22nd.

The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.

11. BILL had a return on equity of 1.54% and a net margin of 0.

59%. The business had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.

27 million. During the same quarter last year, the firm earned $0.10 EPS.

BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts expect that BILL Holdings, Inc.

will post -0.18 EPS for the current year. Insider Transactions at BILL In other news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction that occurred on Monday, October 21st.

The stock was sold at an average price of $57.50, for a total transaction of $29,842.50.

Following the sale, the director now owns 1,038 shares in the company, valued at $59,685. This represents a 33.33 % decrease in their position.

The sale was disclosed in a document filed with the SEC, which is available at this link . Also, CFO John R. Rettig acquired 21,124 shares of the business’s stock in a transaction dated Monday, August 26th.

The stock was bought at an average cost of $49.40 per share, with a total value of $1,043,525.60.

Following the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. The trade was a 35.

59 % increase in their position. The disclosure for this purchase can be found here . In the last ninety days, insiders acquired 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910.

Company insiders own 4.20% of the company’s stock. Institutional Trading of BILL A number of large investors have recently added to or reduced their stakes in BILL.

Abdiel Capital Advisors LP lifted its position in shares of BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares during the last quarter.

Dimensional Fund Advisors LP raised its stake in BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after acquiring an additional 575,084 shares during the period.

Charles Schwab Investment Management Inc. lifted its holdings in BILL by 45.3% during the 3rd quarter.

Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Kodai Capital Management LP bought a new position in BILL during the first quarter worth $59,341,000.

Finally, Two Sigma Advisers LP increased its holdings in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter.

Institutional investors and hedge funds own 97.99% of the company’s stock. BILL Company Profile ( 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. Featured Articles 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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