BILL (NYSE:BILL) Raised to “Strong-Buy” at Zacks Research

BILL (NYSE:BILL) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on BILL. Morgan Stanley raised their price target on BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 20th. UBS Group increased their target price on BILL from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Needham & Company LLC reissued a “buy” rating on shares of BILL in a research report on Thursday, August 20th. Truist Financial raised their target price on BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.22.

BILL Stock Up 1.6%

Shares of BILL stock opened at $48.88 on Wednesday. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $43.54 and its 200 day moving average is $40.87. The company has a market cap of $4.17 billion, a price-to-earnings ratio of -375.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13.

BILL (NYSE:BILL) last posted its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Research analysts anticipate that BILL will post 2.17 EPS for the current year.

Institutional Investors Weigh In On BILL

A number of hedge funds have recently modified their holdings of BILL. Versant Capital Management Inc increased its stake in shares of BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after purchasing an additional 430 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in BILL by 972.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after purchasing an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in BILL during the fourth quarter valued at $28,000. State of Wyoming bought a new stake in BILL during the first quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. grew its holdings in BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares during the period. Institutional investors own 97.99% of the company’s stock.

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. It also offers onboarding implementation support, and ongoing support and training services.