BILL (NYSE:BILL) Upgraded to “Strong-Buy” at TD Cowen

BILL (NYSE:BILL) was upgraded by investment analysts at TD Cowen to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also weighed in on BILL. Keefe, Bruyette & Woods upped their target price on shares of BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Oppenheimer set a $55.00 price target on shares of BILL and gave the company an “outperform” rating in a research report on Friday, May 8th. Robert W. Baird upped their price target on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wall Street Zen raised BILL from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Morgan Stanley set a $55.00 price objective on BILL in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.19.

BILL Price Performance

BILL stock opened at $31.98 on Monday. BILL has a one year low of $31.41 and a one year high of $57.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The business has a fifty day moving average of $36.77 and a two-hundred day moving average of $43.15. The company has a market cap of $3.19 billion, a P/E ratio of -3,194.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. BILL had a net margin of 0.01% and a return on equity of 2.40%. The company had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue was up 13.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, analysts predict that BILL will post 0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Several hedge funds have recently made changes to their positions in BILL. Empowered Funds LLC lifted its position in BILL by 50.3% during the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after buying an additional 2,678 shares during the period. Prudential Financial Inc. lifted its holdings in shares of BILL by 19.6% during the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after acquiring an additional 1,637 shares during the period. California Public Employees Retirement System lifted its holdings in shares of BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock worth $7,748,000 after acquiring an additional 3,602 shares during the period. AXA S.A. boosted its position in shares of BILL by 121.7% in the second quarter. AXA S.A. now owns 58,346 shares of the company’s stock worth $2,699,000 after acquiring an additional 32,024 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of BILL in the second quarter worth approximately $1,624,000. Institutional investors and hedge funds 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.