BILL (NYSE:BILL) Raised to Strong-Buy at Jefferies Financial Group

BILL (NYSE:BILL) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

BILL has been the subject of a number of other research reports. Weiss Ratings cut shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. BMO Capital Markets lifted their target price on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. TD Cowen upped their price target on BILL from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of BILL from $52.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday. Finally, BTIG Research restated a “buy” rating and set a $60.00 target price on shares of BILL in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and an average price target of $58.82.

BILL Stock Up 2.8%

Shares of NYSE BILL opened at $53.88 on Monday. BILL has a 52-week low of $31.41 and a 52-week high of $57.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $4.63 billion, a P/E ratio of 105.64, a P/E/G ratio of 0.75 and a beta of 1.08. The firm has a 50 day moving average price of $47.33 and a 200 day moving average price of $42.75.

BILL (NYSE:BILL) last posted its earnings results on Thursday, November 5th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $353.77 million for the quarter, compared to analyst estimates of $438.62 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 down 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. Analysts expect that BILL will post 2.29 EPS for the current year.

Insider Buying and Selling at BILL

In other news, insider Michael Cieri sold 10,754 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the completion of the sale, the chief executive officer owned 163,125 shares of the company’s stock, valued at approximately $8,183,981.25. This represents a 20.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 267,997 shares of company stock valued at $13,057,984 in the last quarter. 14.50% of the stock is currently owned by company insiders.

Institutional Trading of BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares in the last quarter. Versant Capital Management Inc raised its position in BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after buying an additional 430 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in BILL during the 3rd quarter valued at $32,000. State of Wyoming bought a new position in BILL during the 1st quarter valued at $32,000. Finally, Signature Equity Partners LLC boosted its holdings in BILL by 17,760.0% during the 3rd quarter. Signature Equity Partners LLC now owns 893 shares of the company’s stock worth $38,000 after acquiring an additional 888 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: TD Cowen raised its price target to $66 from $59 and kept a “buy” rating, implying meaningful upside from the cited $53.88 share price. TD Cowen price-target update
• Positive Sentiment: Citigroup lifted its target to $60 from $55 and assigned a “buy” rating, adding to the positive analyst sentiment. Citigroup price-target update
• Positive Sentiment: A separate report said BILL’s price target was raised to $58, another upward revision. Report on BILL price-target increase

About BILL

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows.

Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.