Zacks Research Upgrades BILL (NYSE:BILL) to "Strong-Buy"

Key Points

• Zacks Research upgraded BILL to “Strong Buy” from “Hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $58.22.
• BILL reported quarterly EPS of $0.84, beating estimates by $0.13, and revenue of $436.19 million, up 13.8% year over year and above expectations.
• The stock opened at $48.88, with a 12-month range of $31.41 to $57.21; institutional investors and hedge funds own approximately 97.99% of its shares.

BILL (NYSE:BILL - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of BILL from $46.00 to $55.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Keefe, Bruyette & Woods increased their target price on shares of BILL from $46.00 to $54.00 and gave the company a "market perform" rating in a research report on Thursday, August 20th. The Goldman Sachs Group boosted their price target on shares of BILL from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. TD Cowen assumed coverage on shares of BILL in a research note on Monday, June 22nd. They issued a "buy" rating and a $43.00 price target for the company. Finally, Jefferies Financial Group raised their price objective on shares of BILL from $50.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.22.

BILL Stock Performance

BILL opened at $48.88 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The business's 50 day moving average is $43.54 and its 200-day moving average is $40.87. The stock has a market cap of $4.17 billion, a PE ratio of -375.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. BILL has a twelve month low of $31.41 and a twelve month high of $57.21.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm 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 firm's revenue was up 13.8% compared to the same quarter last year. During the same period 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, analysts predict that BILL will post 2.17 earnings per share for the current year.

Institutional Trading of BILL

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ER Collective Holdings LLC acquired a new position in BILL in the fourth quarter worth approximately $464,588,000. Contour Asset Management LLC grew its holdings in shares of BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company's stock worth $256,914,000 after acquiring an additional 1,472,132 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of BILL by 3,421.2% during the second quarter. California State Teachers Retirement System now owns 3,531,603 shares of the company's stock valued at $127,703,000 after purchasing an additional 3,431,307 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BILL by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company's stock valued at $118,366,000 after purchasing an additional 126,427 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of BILL by 36.5% in the 4th quarter. Marshall Wace LLP now owns 2,958,096 shares of the company's stock valued at $161,335,000 after purchasing an additional 791,197 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Company Profile

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.

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