Bill.com (NYSE:BILL – Get Rating) had its target price trimmed by Susquehanna Bancshares from $140.00 to $120.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports.

Other research analysts have also recently issued reports about the company. Morgan Stanley initiated coverage on Bill.com in a research report on Monday, September 12th. They issued an overweight rating and a $220.00 target price for the company. Jefferies Financial Group increased their price objective on Bill.com from $150.00 to $180.00 in a research note on Friday, August 19th. Keefe, Bruyette & Woods increased their price objective on Bill.com from $245.00 to $269.00 in a research note on Friday, August 19th. Wolfe Research dropped their price objective on Bill.com from $190.00 to $180.00 in a research note on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Bill.com from $177.00 to $240.00 in a research note on Friday, August 19th. Eighteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $224.09.

Bill.com Stock Up 4.4 %

Shares of Bill.com stock opened at $138.18 on Friday. Bill.com has a 12-month low of $89.87 and a 12-month high of $348.49. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $14.49 billion, a P/E ratio of -42.91 and a beta of 2.17. The stock has a 50 day moving average price of $149.29 and a two-hundred day moving average price of $150.36.

Insider Activity

In other news, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $121.15, for a total transaction of $1,072,662.10. Following the transaction, the insider now owns 616 shares in the company, valued at approximately $74,628.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $121.15, for a total value of $1,072,662.10. Following the sale, the insider now owns 616 shares of the company's stock, valued at approximately $74,628.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John R. Rettig sold 3,607 shares of Bill.com stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $592,377.61. Following the completion of the sale, the chief financial officer now directly owns 28,070 shares in the company, valued at approximately $4,609,936.10. The disclosure for this sale can be found here. Insiders have sold 189,211 shares of company stock worth $30,348,069 in the last 90 days. Corporate insiders own 5.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BILL. Schroder Investment Management Group acquired a new position in shares of Bill.com during the 4th quarter worth approximately $270,000. Alliancebernstein L.P. increased its holdings in shares of Bill.com by 1.4% during the 4th quarter. Alliancebernstein L.P. now owns 99,784 shares of the company's stock worth $24,861,000 after acquiring an additional 1,395 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Bill.com by 39.3% during the 4th quarter. Eaton Vance Management now owns 98,403 shares of the company's stock worth $24,480,000 after acquiring an additional 27,779 shares during the last quarter. Commerce Bank increased its holdings in shares of Bill.com by 5.0% during the 4th quarter. Commerce Bank now owns 1,987 shares of the company's stock worth $495,000 after acquiring an additional 94 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Bill.com in the 4th quarter valued at $3,264,000. Institutional investors and hedge funds own 95.85% of the company's stock.

Bill.com Company Profile

(Get Rating)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.

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