Keefe, Bruyette & Woods Raises BILL (NYSE:BILL) Price Target to $49.00

BILL (NYSE:BILL) had its price objective increased by equities researchers at Keefe, Bruyette & Woods from $42.00 to $49.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 18.21% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Truist Financial cut their price objective on BILL from $59.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of BILL in a research report on Friday, February 6th. Canaccord Genuity Group boosted their price target on BILL from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. BTIG Research restated a “buy” rating and set a $60.00 price objective on shares of BILL in a research note on Monday, February 2nd. Finally, Evercore set a $42.00 price objective on shares of BILL in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $56.85.

BILL Stock Down 0.1%

Shares of NYSE:BILL traded down $0.05 during midday trading on Tuesday, reaching $41.45. The company had a trading volume of 462,228 shares, compared to its average volume of 2,599,564. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.65. The stock’s fifty day moving average price is $39.48 and its 200-day moving average price is $45.95. The stock has a market capitalization of $4.10 billion, a P/E ratio of -4,131.87, a PEG ratio of 3.76 and a beta of 1.22. BILL has a one year low of $34.44 and a one year high of $57.21.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The firm had revenue of $406.56 million for the quarter, compared to the consensus estimate of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Equities research analysts expect that BILL will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. ER Collective Holdings LLC purchased a new stake in shares of BILL during the fourth quarter valued at $464,588,000. Senvest Management LLC boosted its holdings in shares of BILL by 155.8% during the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after purchasing an additional 1,567,186 shares during the period. Contour Asset Management LLC grew its holdings in shares of BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after acquiring an additional 1,472,132 shares in the last quarter. Marshall Wace LLP boosted its position in BILL by 190.8% during the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after purchasing an additional 1,421,785 shares during the last quarter. Finally, Norges Bank purchased a new position in BILL in the fourth quarter valued at about $54,275,000. Institutional investors and hedge funds 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.