Truist Financial Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price increased by analysts at Truist Financial from $38.00 to $44.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 6.51% from the company’s previous close.

Several other brokerages also recently issued reports on BILL. TD Cowen initiated coverage on shares of BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price for the company. Oppenheimer set a $55.00 price objective on BILL and gave the stock an “outperform” rating in a report on Friday, May 8th. Robert W. Baird increased their price objective on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group increased their price target on BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.95.

BILL Stock Down 1.4%

Shares of BILL stock opened at $41.31 on Friday. The firm has a market cap of $4.11 billion, a PE ratio of -4,127.07, a P/E/G ratio of 0.94 and a beta of 1.17. The business’s 50 day simple moving average is $37.45 and its 200 day simple moving average is $40.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. BILL has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $403.76 million. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. On average, analysts predict that BILL will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently modified their holdings of BILL. Versant Capital Management Inc increased its stake in shares of BILL by 147.3% in the second 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 period. Caitong International Asset Management Co. Ltd lifted its holdings in BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after buying an additional 486 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in BILL during the fourth quarter valued at $28,000. State of Wyoming bought a new stake in BILL during the first quarter valued at $32,000. Finally, Rockefeller Capital Management L.P. grew its holdings in BILL by 173.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after acquiring an additional 452 shares during the period. 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.