BILL (NYSE:BILL) Raised to Overweight at KeyCorp

BILL (NYSE:BILL - Get Free Report) was upgraded by investment analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage presently has a $115.00 price objective on the stock. KeyCorp's target price points to a potential upside of 37.41% from the company's previous close.

Several other equities analysts also recently issued reports on BILL. Wells Fargo & Company cut their price objective on BILL from $60.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday, August 20th. Evercore ISI reduced their price target on shares of BILL from $70.00 to $60.00 and set an "in-line" rating on the stock in a research report on Friday, August 23rd. BNP Paribas raised shares of 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. JPMorgan Chase & Co. dropped their target price on shares of BILL from $80.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, August 20th. Finally, Robert W. Baird increased their price target on shares of BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $83.79.

BILL Price Performance

BILL stock traded down $3.77 during trading on Wednesday, hitting $83.69. The company had a trading volume of 1,745,036 shares, compared to its average volume of 1,952,256. The company has a fifty day moving average price of $75.78 and a two-hundred day moving average price of $59.84. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The company has a market cap of $8.66 billion, a P/E ratio of -253.61 and a beta of 1.72. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares of the company's stock, valued at approximately $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 1,525 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company's stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of BILL

Several hedge funds have recently bought and sold shares of BILL. Abdiel Capital Advisors LP raised its stake in shares of BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP raised its position 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 buying an additional 575,084 shares during the last quarter. Two Sigma Advisers LP raised its position in BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock valued at $36,447,000 after buying an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock worth $20,083,000 after acquiring an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock worth $47,264,000 after acquiring an additional 279,256 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.