BILL (NYSE:BILL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BILL (NYSE:BILL) from a hold rating to a buy rating in a report issued on Saturday morning.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. UBS Group boosted their price target on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods upped their price target on shares of BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of BILL in a research note on Thursday, August 20th. Finally, Morgan Stanley lifted their price target on BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday. Twelve 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.55.

BILL Stock Up 0.7%

BILL opened at $48.15 on Friday. The company has a market capitalization of $4.11 billion, a PE ratio of -370.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The firm has a 50-day simple moving average of $42.61 and a two-hundred day simple moving average of $40.71. 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 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last issued its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The firm had revenue of $436.19 million for the quarter, compared to analysts’ expectations of $430.55 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Analysts forecast that BILL will post 1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of institutional investors have recently modified their holdings of BILL. Versant Capital Management Inc raised 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 valued at $26,000 after purchasing an additional 430 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in BILL during the 4th quarter valued at approximately $28,000. State of Wyoming purchased a new stake in BILL in the first quarter valued at $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after buying an additional 452 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Company Profile

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.