BILL (NYSE:BILL) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of BILL (NYSE:BILL) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks reports.

A number of other equities research analysts have also recently weighed in on BILL. Needham & Company LLC restated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Truist Financial dropped their price objective on BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. BMO Capital Markets boosted their target price on shares of BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Finally, UBS Group increased their price target on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.56.

BILL Stock Performance

Shares of NYSE:BILL opened at $47.98 on Tuesday. The firm has a 50 day moving average of $46.94 and a 200 day moving average of $42.69. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -369.10, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. BILL has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The business had revenue of $436.19 million for 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 quarter 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, sell-side analysts predict that BILL will post 2.29 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other news, CEO Rene A. Lacerte sold 141,256 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the completion of the sale, the chief executive officer owned 100,899 shares in the company, valued at approximately $4,885,529.58. This represents a 58.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider directly owned 997 shares in the company, valued at $48,982.61. This represents a 91.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 267,997 shares of company stock worth $13,057,984 over the last ninety days. Corporate insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of BILL by 4.3% in the first 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 during the last quarter. Sepio Capital LP lifted its holdings in shares of BILL by 1,251.6% during the third quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock worth $55,484,000 after purchasing an additional 1,207,769 shares during the period. Canada Pension Plan Investment Board purchased a new stake in BILL in the second quarter valued at approximately $14,894,000. Algert Global LLC boosted its position in BILL by 113.8% in the second quarter. Algert Global LLC now owns 385,264 shares of the company’s stock valued at $13,931,000 after buying an additional 205,024 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in BILL by 231.1% in the 1st quarter. Quantinno Capital Management LP now owns 357,007 shares of the company’s stock worth $13,673,000 after buying an additional 249,191 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Company Profile

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.