BILL (NYSE:BILL) Earns Buy Rating from Needham & Company LLC

BILL (NYSE:BILL)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $75.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 67.05% from the stock’s current price.

BILL has been the topic of several other research reports. BMO Capital Markets lowered their target price on shares of BILL from $52.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $56.00 to $48.00 and set a “market perform” rating for the company in a report on Friday. Evercore ISI cut their price target on shares of BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a report on Thursday, August 28th. The Goldman Sachs Group increased their price target on BILL from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BILL in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.10.

BILL Stock Performance

Shares of BILL traded up $0.53 during mid-day trading on Friday, hitting $44.90. 1,202,693 shares of the company’s stock were exchanged, compared to its average volume of 2,881,265. The firm has a market capitalization of $4.51 billion, a P/E ratio of -281.13, a P/E/G ratio of 12.22 and a beta of 1.43. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The business’s 50 day moving average is $50.79 and its two-hundred day moving average is $46.64. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. BILL had a return on equity of 1.16% and a net margin of 1.63%.The business had revenue of $395.74 million during the quarter, compared to the consensus estimate of $390.91 million. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was up 10.4% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. On average, equities analysts expect that BILL will post 0.12 earnings per share for the current year.

BILL announced that its board has authorized a share buyback program on Wednesday, August 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On BILL

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in BILL by 3.5% in the third quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company’s stock valued at $574,386,000 after purchasing an additional 371,265 shares during the period. State of New Jersey Common Pension Fund D boosted its position in BILL by 20.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 51,565 shares of the company’s stock worth $2,731,000 after purchasing an additional 8,808 shares in the last quarter. ING Groep NV acquired a new position in shares of BILL during the 3rd quarter worth $26,485,000. ProShare Advisors LLC acquired a new stake in BILL in the 3rd quarter valued at about $207,000. Finally, Carlson Capital L.P. acquired a new position in BILL during the third quarter worth about $297,000. Hedge funds and other 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.