BILL’s (BILL) Buy Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of BILL (NYSE:BILL) in a research note released on Thursday,Benzinga reports. They currently have a $60.00 price target on the stock.

Other analysts have also issued reports about the company. Wall Street Zen lowered BILL from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Truist Financial raised their price objective on shares of BILL from $38.00 to $44.00 and gave the company a “hold” rating in a report on Friday, July 24th. Morgan Stanley set a $55.00 price objective on shares of BILL in a report on Friday, May 8th. The Goldman Sachs Group lifted their target price on shares of BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Hold” and an average price target of $57.55.

BILL Stock Performance

NYSE BILL opened at $47.69 on Thursday. The firm’s fifty day moving average price is $42.32 and its two-hundred day moving average price is $40.63. The stock has a market cap of $4.75 billion, a PE ratio of -366.85, a PEG ratio of 1.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.66 and a current ratio of 1.51. BILL has a fifty-two week low of $31.41 and a fifty-two week high of $57.21.

BILL (NYSE:BILL) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $436.19 million for 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%.BILL’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities analysts expect that BILL will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On BILL

Institutional investors have recently made changes to their positions in the stock. Pier Capital LLC bought a new position in BILL during the 4th quarter worth approximately $5,064,000. Pacer Advisors Inc. lifted its position in shares of BILL by 1,775.9% in 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. Arrowstreet Capital Limited Partnership lifted its position in shares of BILL by 743.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock worth $10,113,000 after purchasing an additional 232,731 shares during the period. NewEdge Wealth LLC bought a new stake in shares of BILL in the 4th quarter valued at $15,778,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of BILL in the 4th quarter valued at $3,874,000. Institutional investors own 97.99% of the company’s stock.

About BILL

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.