BILL (NYSE:BILL) Given New $48.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for BILL from $50.00 to $48.00, maintaining an "in-line" rating, indicating a potential upside of 14.85% based on the previous close.
• BILL's quarterly earnings report showed a 2.70% net margin and revenue of $383.35 million, surpassing analysts' expectations.
• The company approved a $300 million share repurchase program, signaling management's belief that the stock is undervalued.

BILL (NYSE:BILL - Get Free Report) had its price target lowered by investment analysts at Evercore ISI from $50.00 to $48.00 in a report released on Thursday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 14.85% from the company's previous close.

Other research analysts have also issued research reports about the company. Mizuho reduced their price objective on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BILL in a research note on Thursday, July 17th. They issued a "hold" rating and a $49.00 target price on the stock. Citigroup reduced their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Truist Financial upped their price objective on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company reduced their target price on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BILL currently has a consensus rating of "Hold" and a consensus price target of $60.79.

BILL Stock Up 2.9%

Shares of BILL stock opened at $41.79 on Thursday. BILL has a 1 year low of $36.55 and a 1 year high of $100.19. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -348.25, a PEG ratio of 9.02 and a beta of 1.35. The company has a 50-day moving average of $44.02 and a 200 day moving average of $45.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. BILL had a net margin of 2.70% and a return on equity of 1.21%. The business had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. As a group, sell-side analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

BILL announced that its board has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the transaction, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BILL

Institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of BILL by 3,947.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock worth $693,000 after buying an additional 14,725 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in BILL in the first quarter worth approximately $570,000. Cetera Investment Advisers purchased a new position in shares of BILL during the 4th quarter worth $467,000. GAMMA Investing LLC boosted its stake in shares of BILL by 303.9% during the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of BILL by 145.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock valued at $101,000 after acquiring an additional 1,306 shares during the period. Institutional investors own 97.99% of the company's stock.

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.

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