BILL (NYSE:BILL) Stock Picked Up by Analysts at UBS Group

Key Points

• UBS Group initiated coverage of BILL with a Buy rating and a $64 price target, implying about 19% upside from the stock’s current price.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average $59.06 target, with several firms recently raising targets and Jefferies upgrading the stock to Strong Buy.
• BILL beat quarterly EPS estimates ($1.18 versus $0.98), but revenue fell 10.6% year over year and came in below the stated consensus estimate.

Stock analysts at UBS Group assumed coverage on shares of BILL (NYSE:BILL - Get Free Report) in a research report issued on Wednesday, Benzinga reports. The firm set a "buy" rating and a $64.00 price target on the stock. UBS Group's price objective would suggest a potential upside of 19.27% from the stock's current price.

A number of other brokerages have also commented on BILL. The Goldman Sachs Group lifted their price objective on BILL from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Citigroup upped their target price on shares of BILL from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley raised their target price 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. BMO Capital Markets lifted their price target on shares of BILL from $46.00 to $55.00 and gave the stock a "market perform" rating in a research report on Thursday, August 20th. Finally, Truist Financial lowered their price target on shares of BILL from $52.00 to $50.00 and set a "hold" rating for the company in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and an average price target of $59.06.

BILL Stock Performance

Shares of BILL stock opened at $53.66 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.51. The firm has a market cap of $4.61 billion, a P/E ratio of 106.23, a P/E/G ratio of 0.78 and a beta of 1.08. The firm has a 50 day simple moving average of $47.42 and a 200 day simple moving average of $42.79. BILL has a fifty-two week low of $31.41 and a fifty-two week high of $57.21.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $353.77 million for the quarter, compared to the consensus estimate of $438.62 million. BILL had a return on equity of 5.83% and a net margin of 3.23%. The business's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. Sell-side analysts predict that BILL will post 2.29 earnings per share for the current fiscal year.

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte sold 141,256 shares of the business's 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 completion of the transaction, the chief executive officer owned 100,899 shares in the company, valued at approximately $4,885,529.58. The trade was a 58.33% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 14.50% of the company's stock.

Hedge Funds Weigh In On BILL

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its position in 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 buying an additional 430 shares during the last quarter. State of Wyoming bought a new position in shares of BILL during the 1st quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BILL during the 3rd quarter worth approximately $32,000. Signature Equity Partners LLC raised its holdings in shares of BILL by 17,760.0% in the third quarter. Signature Equity Partners LLC now owns 893 shares of the company's stock valued at $38,000 after purchasing an additional 888 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BILL in the first quarter valued at approximately $57,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL News Roundup

Here are the key news stories impacting BILL this week:

• Positive Sentiment: Jefferies upgraded BILL from “hold” to “strong buy,” adding to the positive analyst outlook. Jefferies rating information
• Positive Sentiment: Citigroup raised its price target to $60 from $55 and maintained a “buy” rating, citing potential for further appreciation. Citigroup forecast for BILL
• Positive Sentiment: TD Cowen lifted its target to $66 from $59 and kept a “buy” rating, implying a more optimistic view of BILL’s prospects. TD Cowen forecast for BILL
• Positive Sentiment: Coverage of BILL’s earnings call highlighted a narrative of profitable growth supported by AI. The provided report summary did not include specific new financial figures. BILL earnings call coverage

BILL Company Profile

BILL NYSE: BILL, formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows. Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

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