BILL (NYSE:BILL) Stock Rating Upgraded by TD Cowen

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

Several other equities analysts also recently issued reports on the stock. Robert W. Baird upped their price objective on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. The Goldman Sachs Group boosted their target price on BILL from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings raised BILL from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, BMO Capital Markets upped their target price on BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.19.

BILL Stock Down 1.5%

Shares of NYSE:BILL opened at $31.98 on Monday. The company has a market capitalization of $3.19 billion, a PE ratio of -3,194.71, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The firm has a 50 day simple moving average of $36.77 and a 200-day simple moving average of $43.15.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. The business had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. 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, equities analysts predict that BILL will post 0.95 EPS for the current fiscal year.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently made changes to their positions in BILL. ER Collective Holdings LLC acquired a new position in shares of BILL during the fourth quarter worth about $464,588,000. Senvest Management LLC lifted its position in BILL by 155.8% in the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock valued at $140,346,000 after purchasing an additional 1,567,186 shares during the period. Contour Asset Management LLC boosted its holdings in 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 in the last quarter. Marshall Wace LLP boosted its holdings in BILL by 190.8% in the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after purchasing an additional 1,421,785 shares in the last quarter. Finally, Norges Bank acquired a new position in BILL during the 4th quarter worth approximately $54,275,000. Hedge funds and other 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.