BILL (NYSE:BILL) Stock Rating Raised to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of BILL (NYSE:BILL) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. BMO Capital Markets boosted their price objective on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and issued a $60.00 price objective on shares of BILL in a research note on Thursday, August 20th. Truist Financial cut their target price on BILL from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Finally, Weiss Ratings cut BILL from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $58.82.

BILL Price Performance

Shares of NYSE:BILL opened at $53.88 on Monday. The company has a market capitalization of $4.63 billion, a P/E ratio of 105.64, a P/E/G ratio of 0.75 and a beta of 1.08. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. The firm’s 50 day simple moving average is $47.33 and its two-hundred day simple moving average is $42.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $353.77 million during the quarter, compared to analysts’ expectations of $438.62 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. Research analysts expect that BILL will post 2.29 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider directly owned 997 shares of the company’s stock, valued at $48,982.61. This trade represents a 91.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 A. Lacerte sold 42,248 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the completion of the sale, the chief executive officer owned 163,125 shares in the company, valued at approximately $8,183,981.25. This trade represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 267,997 shares of company stock worth $13,057,984 in the last 90 days. 14.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in BILL during the third quarter worth approximately $1,805,000. Hantz Financial Services Inc. lifted its stake in shares of BILL by 27.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,095 shares of the company’s stock valued at $174,000 after purchasing an additional 870 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of BILL in the 3rd quarter valued at approximately $200,000. Allspring Global Investments Holdings LLC bought a new stake in shares of BILL in the 3rd quarter valued at approximately $35,983,000. Finally, CenterBook Partners LP purchased a new position in shares of BILL in the 3rd quarter worth approximately $449,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Trending Headlines about BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: TD Cowen raised its price target to $66 from $59 and kept a “buy” rating, implying meaningful upside from the cited $53.88 share price. TD Cowen price-target update
• Positive Sentiment: Citigroup lifted its target to $60 from $55 and assigned a “buy” rating, adding to the positive analyst sentiment. Citigroup price-target update
• Positive Sentiment: A separate report said BILL’s price target was raised to $58, another upward revision. Report on BILL price-target increase

About BILL

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows.

Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.