BILL (NYSE:BILL) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of BILL (NYSE:BILL) in a research note published on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $64.00 target price on the stock.

A number of other research firms have also commented on BILL. Jefferies Financial Group upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 9th. Oppenheimer raised their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Zacks Research cut shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. BMO Capital Markets boosted their target price on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Finally, BTIG Research restated a “buy” rating and set a $60.00 price target on shares of BILL in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.29.

BILL Stock Performance

Shares of BILL opened at $54.49 on Wednesday. BILL has a 1 year low of $31.41 and a 1 year high of $57.21. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.50. The firm has a fifty day moving average of $47.74 and a 200-day moving average of $42.88.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The business had revenue of $353.77 million during the quarter, compared to analyst estimates of $438.62 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The company’s revenue was down 10.6% on a year-over-year basis. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. As a group, equities analysts anticipate that BILL will post 2.45 earnings per share for the current year.

Insider Activity at BILL

In other news, CEO Rene A. 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 transaction of $2,119,582.16. Following the completion of the transaction, the chief executive officer owned 163,125 shares in the company, valued at $8,183,981.25. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the sale, the insider directly owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 267,997 shares of company stock worth $13,057,984. Company insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On BILL

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after buying an additional 430 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in BILL during the third quarter valued at approximately $32,000. State of Wyoming bought a new position in shares of BILL during the 1st quarter valued at approximately $32,000. Signature Equity Partners LLC increased its position in shares of BILL by 17,760.0% during the 3rd quarter. Signature Equity Partners LLC now owns 893 shares of the company’s stock valued at $38,000 after purchasing an additional 888 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of BILL during the 1st quarter valued at approximately $57,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.