BILL (NYSE:BILL) Rating Increased to Strong-Buy at TD Cowen

TD Cowen upgraded shares of BILL (NYSE:BILL) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Morgan Stanley set a $55.00 target price on shares of BILL in a research note on Friday, May 8th. Finally, The Goldman Sachs Group lifted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average target price of $55.19.

BILL Stock Down 1.5%

NYSE:BILL opened at $31.98 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of -3,194.71, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s fifty day moving average price is $36.77 and its two-hundred day moving average price is $43.15. BILL has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last released its earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The company had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts anticipate that BILL will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. Pacer Advisors Inc. grew its holdings in BILL by 1,775.9% during the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock valued at $12,949,000 after purchasing an additional 320,062 shares during the period. Lavelle Capital LP acquired a new stake in BILL in the first quarter worth $1,748,000. Anson Funds Management LP acquired a new stake in BILL in the first quarter worth $1,532,000. California State Teachers Retirement System boosted its position in shares of BILL by 22.8% during the first quarter. California State Teachers Retirement System now owns 100,296 shares of the company’s stock worth $3,841,000 after purchasing an additional 18,628 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of BILL by 1,331.3% during the first quarter. Empowered Funds LLC now owns 115,145 shares of the company’s stock worth $4,410,000 after purchasing an additional 107,100 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Company Profile

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.