BILL (NYSE:BILL) Upgraded to "Strong-Buy" at Jefferies Financial Group

Key Points

• Jefferies upgraded BILL from “hold” to “strong-buy,” adding to generally positive analyst sentiment; MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $58.82.
• Recent quarterly EPS of $1.18 beat the $0.98 consensus estimate, but revenue of $353.77 million fell short of estimates and declined 10.6% year over year.
• Other analysts also raised price targets, including TD Cowen to $66 and Citigroup to $60, both with “buy” ratings.

BILL (NYSE:BILL - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group from a "hold" rating to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

BILL has been the topic of several other research reports. Truist Financial decreased their target price on BILL from $52.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, October 23rd. Keefe, Bruyette & Woods lifted their price target on BILL from $52.00 to $58.00 and gave the company a "market perform" rating in a report on Friday. BMO Capital Markets upped 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. Morgan Stanley increased their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, August 20th. Finally, Needham & Company LLC reissued a "buy" rating on shares of BILL in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BILL currently has a consensus rating of "Moderate Buy" and an average target price of $58.82.

BILL Stock Up 2.8%

Shares of BILL opened at $53.88 on Monday. 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 50-day moving average price of $47.33 and a two-hundred day moving average price of $42.75. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 105.64, a P/E/G ratio of 0.75 and a beta of 1.08. BILL has a 12 month low of $31.41 and a 12 month high of $57.21.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $353.77 million during the quarter, compared to the consensus estimate of $438.62 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the firm posted $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. Equities analysts predict that BILL will post 2.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the sale, the insider directly owned 997 shares of the company's stock, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, CEO Rene Lacerte sold 141,256 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total value of $6,839,615.52. Following the sale, the chief executive officer owned 100,899 shares of the company's stock, valued at approximately $4,885,529.58. The trade was a 58.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 267,997 shares of company stock worth $13,057,984 over the last quarter. Corporate insiders own 14.50% of the company's stock.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 126,427 shares during the period. Sepio Capital LP lifted its holdings in BILL by 1,251.6% in the third quarter. Sepio Capital LP now owns 1,304,267 shares of the company's stock valued at $55,484,000 after buying an additional 1,207,769 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in BILL in the third quarter valued at approximately $35,983,000. Canada Pension Plan Investment Board acquired a new position in BILL in the second quarter valued at approximately $14,894,000. Finally, Algert Global LLC boosted its stake 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 acquiring an additional 205,024 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Key BILL News

Here are the key news stories impacting BILL this week:

• Positive Sentiment: TD Cowen raised its price target to $66 from $59 and kept a “buy” rating, implying meaningful upside from the cited $53.88 share price. TD Cowen price-target update
• Positive Sentiment: Citigroup lifted its target to $60 from $55 and assigned a “buy” rating, adding to the positive analyst sentiment. Citigroup price-target update
• Positive Sentiment: A separate report said BILL’s price target was raised to $58, another upward revision. Report on BILL price-target increase

About BILL

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.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.

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