BILL (NYSE:BILL) Trading Up 9.1% – Should You Buy?

BILL Holdings, Inc. (NYSE:BILL) shares shot up 9.1% on Wednesday . The company traded as high as $39.33 and last traded at $39.4360. 1,503,515 shares changed hands during trading, a decline of 44% from the average daily volume of 2,669,780 shares. The stock had previously closed at $36.16.

Analysts Set New Price Targets

BILL has been the subject of a number of research reports. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group upped their target price on BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD Cowen assumed coverage on BILL in a research report on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price for the company. Keefe, Bruyette & Woods raised their target price on BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley set a $55.00 price target on BILL in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average price target of $55.19.

BILL Stock Up 8.6%

The firm has a market capitalization of $3.91 billion, a PE ratio of -3,921.58, a PEG ratio of 1.26 and a beta of 1.20. 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 company has a fifty day moving average price of $36.41 and a 200-day moving average price of $42.33.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share 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 business had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’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. As a group, analysts expect that BILL Holdings, Inc. will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in shares of BILL by 1,775.9% in the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after buying an additional 320,062 shares during the period. Lavelle Capital LP purchased a new position in BILL during the 1st quarter valued at $1,748,000. Anson Funds Management LP purchased a new position in BILL during the 1st quarter valued at $1,532,000. California State Teachers Retirement System grew its position in BILL by 22.8% in the 1st quarter. California State Teachers Retirement System now owns 100,296 shares of the company’s stock valued at $3,841,000 after acquiring an additional 18,628 shares during the last quarter. Finally, Empowered Funds LLC grew its position in BILL by 1,331.3% in the 1st quarter. Empowered Funds LLC now owns 115,145 shares of the company’s stock valued at $4,410,000 after acquiring an additional 107,100 shares during 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.