BILL (NYSE:BILL) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of BILL (NYSE:BILL) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Oppenheimer set a $55.00 price target on BILL and gave the stock an “outperform” rating in a research report on Friday, May 8th. Truist Financial increased their target price on BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. 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. Morgan Stanley increased their price objective on BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group increased their price objective on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.22.

BILL Trading Up 1.6%

NYSE BILL opened at $48.88 on Wednesday. BILL has a 12 month low of $31.41 and a 12 month high of $57.21. The stock has a market capitalization of $4.17 billion, a P/E ratio of -375.99, a PEG ratio of 0.74 and a beta of 1.13. The firm’s 50-day moving average is $43.54 and its two-hundred day moving average is $40.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51.

BILL (NYSE:BILL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts anticipate that BILL will post 2.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ER Collective Holdings LLC purchased a new stake in shares of BILL in the fourth quarter valued at about $464,588,000. California State Teachers Retirement System grew its holdings in shares of BILL by 3,421.2% during the second quarter. California State Teachers Retirement System now owns 3,531,603 shares of the company’s stock worth $127,703,000 after buying an additional 3,431,307 shares during the last quarter. Senvest Management LLC grew 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 buying an additional 1,567,186 shares during the last quarter. Contour Asset Management LLC increased its position in BILL by 45.5% in 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 during the period. Finally, Marshall Wace LLP raised its stake in BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after acquiring an additional 1,421,785 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.