KeyCorp Upgrades BILL (NYSE:BILL) to “Overweight”

KeyCorp upgraded shares of BILL (NYSE:BILL) from a sector weight rating to an overweight rating in a report issued on Wednesday, Marketbeat.com reports. KeyCorp currently has $115.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer lifted their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. BMO Capital Markets cut their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. JPMorgan Chase & Co. reduced 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. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.79.

BILL Stock Down 4.3 %

BILL opened at $83.69 on Wednesday. The stock’s fifty day moving average is $75.78 and its 200-day moving average is $59.84. BILL has a one year low of $43.11 and a one year high of $97.86. The company has a market capitalization of $8.66 billion, a PE ratio of -253.61 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at $23,310. The trade was a 75.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,823 shares of company stock valued at $218,887 in the last quarter. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Brooklyn Investment Group acquired a new position in shares of BILL in the third quarter valued at $28,000. Advisors Asset Management Inc. boosted its holdings in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after acquiring an additional 259 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Covestor Ltd grew its holdings in BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after acquiring an additional 249 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of BILL by 1,167.5% during the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares during the last quarter. 97.99% of the stock is currently owned by 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.