BILL (NYSE:BILL) Upgraded to Strong-Buy at Zacks Research

BILL (NYSE:BILL) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on BILL. Keefe, Bruyette & Woods increased their price target on shares of BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. UBS Group increased their target price on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Oppenheimer set a $55.00 price target on shares of BILL and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Morgan Stanley upped their price target on shares of BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.22.

BILL Stock Performance

Shares of BILL stock opened at $48.88 on Wednesday. The stock has a market cap of $4.17 billion, a PE ratio of -375.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. The business has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $40.87. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL has a 12 month low of $31.41 and a 12 month high of $57.21.

BILL (NYSE:BILL) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.BILL’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 anticipate that BILL will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after purchasing an additional 430 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after buying an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of BILL during the 4th quarter worth about $28,000. State of Wyoming acquired a new position in shares of BILL during the 1st quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of BILL by 173.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

About BILL

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.