BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have received an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $58.67.

A number of analysts recently commented on the company. TD Cowen initiated coverage on BILL in a research report on Monday, June 22nd. They issued a “buy” rating and a $43.00 price objective for the company. Truist Financial lifted their price target on shares of BILL from $44.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. BTIG Research restated a “buy” rating and issued a $60.00 price objective on shares of BILL in a report on Thursday, August 20th. Morgan Stanley raised their price objective on shares of BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd.

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte sold 141,256 shares of BILL stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the transaction, the chief executive officer owned 100,899 shares of the company’s stock, valued at $4,885,529.58. This trade represents a 58.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the sale, the insider directly owned 997 shares of the company’s stock, valued at $48,982.61. The trade was a 91.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 267,997 shares of company stock worth $13,057,984. Company insiders own 13.20% of the company’s stock.

Institutional Trading of BILL

A number of large investors have recently made changes to their positions in the company. ER Collective Holdings LLC acquired a new position in BILL in the fourth quarter valued at about $464,588,000. Contour Asset Management LLC grew its position in shares of BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after purchasing an additional 1,472,132 shares during the period. Dimensional Fund Advisors LP increased its stake in BILL by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock worth $118,366,000 after purchasing an additional 126,427 shares in the last quarter. Parnassus Investments LLC increased its stake in BILL by 61.6% during the 4th quarter. Parnassus Investments LLC now owns 1,463,791 shares of the company’s stock worth $79,835,000 after purchasing an additional 558,206 shares in the last quarter. Finally, Norges Bank acquired a new stake in BILL during the 4th quarter worth approximately $54,275,000. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 0.2%

NYSE:BILL opened at $44.33 on Monday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -341.00, a P/E/G ratio of 0.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s fifty day moving average price is $47.47 and its two-hundred day moving average price is $41.25. BILL has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last released its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $436.19 million during the quarter, compared to analysts’ expectations of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. 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, analysts anticipate that BILL will post 2.22 EPS for the current year.

About BILL

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accounting firms and financial institutions. Its cloud-based platform helps customers automate and manage accounts payable, accounts receivable, payments, expense management, budgeting and other routine financial processes.

The company’s offerings include BILL Accounts Payable and BILL Accounts Receivable, which support invoice processing, approvals, billing and payment collection. BILL also provides spend and expense management tools, including budgeting, corporate cards and employee expense tracking, along with integrations that connect its platform to accounting and business-management systems.

Founded in 2006 by René Lacerte, the company was originally known as Bill.com and became publicly traded on the New York Stock Exchange in 2019.