BILL (NYSE:BILL) Stock Dropped to "Hold" by Zacks Research

Key Points

• Zacks Research downgraded BILL from “strong buy” to “hold,” although the broader analyst consensus remains “moderate buy” with a $58.56 price target.
• BILL shares opened at $47.98, down 2.9%, while the company recently exceeded quarterly expectations with $0.84 in adjusted EPS and $436.19 million in revenue, up 13.8% year over year.
• Insiders sold approximately $13.1 million worth of shares over the past three months, including substantial sales by CEO Rene Lacerte; institutional investors own nearly 98% of BILL’s stock.

BILL (NYSE:BILL - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities analysts also recently commented on BILL. Morgan Stanley upped their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 20th. BMO Capital Markets lifted their price target on shares of BILL from $46.00 to $55.00 and gave the company a "market perform" rating in a research report on Thursday, August 20th. BTIG Research reissued a "buy" rating and set a $60.00 price target on shares of BILL in a research note on Thursday, August 20th. Wall Street Zen upgraded BILL from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Finally, Wolfe Research lifted their price objective on BILL from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.56.

BILL Stock Down 2.9%

BILL opened at $47.98 on Tuesday. The business has a 50 day moving average price of $46.94 and a two-hundred day moving average price 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 cap of $4.09 billion, a PE ratio of -369.10, a P/E/G 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $436.19 million during the quarter, compared to analysts' expectations of $430.55 million. During the same period last year, the firm earned $0.53 EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, research analysts anticipate that BILL will post 2.29 EPS for the current year.

Insider Activity

In other BILL news, CEO Rene Lacerte sold 141,256 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total value of $6,839,615.52. Following the transaction, the chief executive officer directly owned 100,899 shares in the company, valued at approximately $4,885,529.58. This represents a 58.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This trade 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 a total of 267,997 shares of company stock valued at $13,057,984 in the last three months. 13.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BILL

Institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in BILL by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company's stock valued at $693,000 after buying an additional 300 shares during the period. Versant Capital Management Inc lifted its position in BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company's stock valued at $26,000 after buying an additional 430 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company's stock valued at $39,000 after buying an additional 452 shares in the last quarter. Leonteq Securities AG lifted its position in BILL by 25.0% during the first quarter. Leonteq Securities AG now owns 2,753 shares of the company's stock valued at $105,000 after buying an additional 551 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in BILL by 5.6% during the first quarter. Pictet Asset Management Holding SA now owns 14,957 shares of the company's stock valued at $573,000 after buying an additional 797 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

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.

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