Wall Street Zen Upgrades BILL (NYSE:BILL) to “Buy”

BILL (NYSE:BILL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts have also issued reports about the company. Truist Financial lifted their price objective on BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods upped their target price on BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a research report on Thursday. Oppenheimer set a $55.00 target price on BILL and gave the company an “outperform” rating in a research report on Friday, May 8th. TD Cowen assumed coverage on BILL in a research note on Monday, June 22nd. They set a “buy” rating and a $43.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on BILL from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BILL currently has an average rating of “Hold” and a consensus target price of $57.55.

BILL Trading Down 0.3%

BILL opened at $47.69 on Friday. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $42.32 and a 200-day moving average of $40.63. The stock has a market cap of $4.07 billion, a PE ratio of -366.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. BILL’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. 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 predict that BILL will post 1.48 EPS for the current year.

Hedge Funds Weigh In On BILL

Several institutional investors have recently made changes to their positions in the stock. Pier Capital LLC bought a new position in shares of BILL in the 4th quarter worth $5,064,000. Arrowstreet Capital Limited Partnership increased its stake in BILL by 743.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock valued at $10,113,000 after purchasing an additional 232,731 shares in the last quarter. Pacer Advisors Inc. increased its stake in BILL by 1,775.9% during the 1st 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 in the last quarter. NewEdge Wealth LLC acquired a new position in BILL during the fourth quarter worth $15,778,000. Finally, Jupiter Asset Management Ltd. acquired a new position in BILL during the fourth quarter worth $3,874,000. 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.