BILL Holdings, Inc. (NYSE:BILL) Stock Has Average Price Target of $58.67

BILL Holdings, Inc. (NYSE:BILL) has received an average rating of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $58.67.

Several analysts have commented on BILL shares. Weiss Ratings cut shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Truist Financial increased their price objective on shares of BILL from $44.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Morgan Stanley raised their target price on shares of BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Finally, Wolfe Research boosted their target price on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th.

BILL Stock Up 3.4%

Shares of BILL stock opened at $50.66 on Friday. BILL has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The firm has a market capitalization of $4.32 billion, a PE ratio of -389.70, a P/E/G ratio of 0.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s 50-day simple moving average is $46.91 and its 200-day simple moving average is $42.01.

BILL (NYSE:BILL) last released 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 firm had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities analysts expect that BILL will post 2.30 earnings per share for the current year.

Insider Activity

In other BILL news, insider Michael Cieri sold 10,754 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the sale, the insider directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rene Lacerte sold 42,248 shares of BILL stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the transaction, the chief executive officer owned 163,125 shares of the company’s stock, valued at $8,183,981.25. The trade was a 20.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 267,997 shares of company stock worth $13,057,984 over the last ninety days. 13.20% of the stock is owned by insiders.

Institutional Trading of BILL

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ER Collective Holdings LLC acquired a new position in BILL in the fourth quarter valued at approximately $464,588,000. Contour Asset Management LLC boosted its position in BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after purchasing an additional 1,472,132 shares in the last quarter. Sepio Capital LP boosted its position in BILL by 1,251.6% in the 3rd quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock worth $55,484,000 after purchasing an additional 1,207,769 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of BILL during the 2nd quarter worth approximately $14,894,000. Finally, Pacer Advisors Inc. grew its stake in shares of BILL by 1,775.9% during the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after purchasing an additional 320,062 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

About BILL

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.