BILL Holdings, Inc. (NYSE:BILL) Receives $58.67 Average PT from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $58.6667.

A number of analysts have issued reports on the company. Wolfe Research raised their target price on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley boosted their price target on shares of BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, UBS Group lifted their target price on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.

Insider Buying and Selling

In other news, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider owned 997 shares of the company’s stock, valued at $48,982.61. This represents a 91.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rene Lacerte sold 42,248 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total value of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares of the company’s stock, valued at $8,183,981.25. The trade was a 20.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 267,997 shares of company stock valued at $13,057,984 in the last 90 days. Insiders own 13.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after acquiring an additional 430 shares during the period. State of Wyoming acquired a new position in BILL in the 1st quarter valued at about $32,000. Rockefeller Capital Management L.P. increased its stake in BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Geneos Wealth Management Inc. purchased a new stake in BILL during the first quarter worth about $57,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of BILL during the first quarter worth about $58,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Down 1.2%

Shares of BILL stock opened at $45.95 on Monday. The stock has a market cap of $3.92 billion, a P/E ratio of -353.42, a P/E/G ratio of 0.70 and a beta of 1.10. The stock’s 50 day simple moving average is $47.48 and its 200-day simple moving average is $41.25. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. 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 posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The firm had revenue of $436.19 million during the quarter, compared to analysts’ expectations of $430.55 million. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Analysts predict that BILL will post 2.22 EPS for the current fiscal year.

BILL Company Profile

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accounting firms and financial institutions. Its cloud-based platform helps customers automate and manage accounts payable, accounts receivable, payments, expense management, budgeting and other routine financial processes.

The company’s offerings include BILL Accounts Payable and BILL Accounts Receivable, which support invoice processing, approvals, billing and payment collection. BILL also provides spend and expense management tools, including budgeting, corporate cards and employee expense tracking, along with integrations that connect its platform to accounting and business-management systems.

Founded in 2006 by René Lacerte, the company was originally known as Bill.com and became publicly traded on the New York Stock Exchange in 2019.