BILL (NYSE:BILL) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of BILL (NYSE:BILL) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Robert W. Baird lifted their price target on BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Truist Financial downgraded BILL from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $45.00 to $35.00 in a research note on Wednesday, June 10th. Wall Street Zen lowered BILL from a “buy” rating to a “hold” rating in a report on Monday, July 13th. BMO Capital Markets raised their target price on BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered their target price on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.50.

BILL Price Performance

Shares of NYSE:BILL opened at $44.18 on Monday. The firm’s 50 day moving average is $37.38 and its two-hundred day moving average is $40.96. The firm has a market capitalization of $4.40 billion, a P/E ratio of -4,413.19, a PEG ratio of 1.01 and a beta of 1.17. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. BILL has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 2.40% and a net margin of 0.01%.The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. Analysts anticipate that BILL will post 0.95 earnings per share for the current year.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently modified their holdings of the business. ER Collective Holdings LLC purchased a new position in shares of BILL during the fourth quarter valued at $464,588,000. Senvest Management LLC lifted its stake in BILL by 155.8% in the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after acquiring an additional 1,567,186 shares in the last quarter. Contour Asset Management LLC boosted its position in BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after acquiring an additional 1,472,132 shares during the period. Marshall Wace LLP boosted its position in BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after acquiring an additional 1,421,785 shares during the period. Finally, Norges Bank purchased a new position in BILL during the 4th quarter valued at about $54,275,000. Institutional investors and hedge funds 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.