BILL (NYSE:BILL) Price Target Raised to $64.00

BILL (NYSE:BILL) had its target price boosted by analysts at Morgan Stanley from $60.00 to $64.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley‘s target price would indicate a potential upside of 18.66% from the stock’s current price.

Several other analysts also recently issued reports on the company. Jefferies Financial Group raised BILL from a “hold” rating to a “strong-buy” rating in a report on Monday. BMO Capital Markets upped their price objective on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and issued a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Weiss Ratings upgraded BILL from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.29.

BILL Stock Performance

BILL traded up $0.20 on Wednesday, hitting $53.94. 410,760 shares of the company’s stock were exchanged, compared to its average volume of 2,369,870. The firm has a market cap of $4.63 billion, a PE ratio of 105.82, a P/E/G ratio of 0.78 and a beta of 1.08. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The stock has a fifty day moving average of $47.42 and a two-hundred day moving average of $42.79. The company has a current ratio of 1.50, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

BILL (NYSE:BILL) last issued its earnings results on Thursday, November 5th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $353.77 million during the quarter, compared to the consensus estimate of $438.62 million. BILL had a return on equity of 5.83% and a net margin of 3.23%. BILL’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, research analysts anticipate that BILL will post 2.29 earnings per share for the current fiscal year.

Insider Activity at BILL

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of BILL by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock valued at $118,366,000 after purchasing an additional 126,427 shares during the period. Sepio Capital LP lifted its holdings in BILL by 1,251.6% in the third 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 during the period. Allspring Global Investments Holdings LLC acquired a new stake in BILL in the third quarter worth about $35,983,000. Canada Pension Plan Investment Board bought a new position in BILL in the 2nd quarter valued at about $14,894,000. Finally, Algert Global LLC grew its position in BILL by 113.8% in the 2nd quarter. Algert Global LLC now owns 385,264 shares of the company’s stock valued at $13,931,000 after buying an additional 205,024 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Top BILL Stories

Investors following BILL have been watching these stories:

• Positive Sentiment: UBS initiated coverage with a Buy rating and a $64 price target, implying 18.6% upside from the cited $53.95 price. UBS Group stock recommendations
• Positive Sentiment: Citigroup raised its price target to $60 from $55 and maintained a Buy rating, signaling greater confidence in the stock’s potential. Citigroup stock recommendations
• Positive Sentiment: Recent analysis highlighted rising profits alongside sustained double-digit growth in payments volume, while earnings-call coverage pointed to AI-led growth and profitability. That narrative could reinforce expectations for improving operating performance. BILL Holdings: Profits Are Ramping Up As Payments Volume Sustains Double-Digit Growth BILL Holdings Earnings Call Signals Profitable AI-Led Growth

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.