BILL (NYSE:BILL) Now Covered by Citigroup

Key Points

• Citigroup has initiated coverage on BILL (NYSE:BILL) with a "buy" rating and a price target of $71.00, indicating a potential upside of approximately 40% from its current stock price.
• BILL reported an earnings per share (EPS) of $0.53 for the recent quarter, exceeding analysts' expectations, and the company set its FY 2026 EPS guidance between 2.000 to 2.200.
• The company has authorized a stock repurchase program allowing for the repurchase of up to $300 million in shares, which typically signals management's belief in the stock's undervaluation.

Citigroup began coverage on shares of BILL (NYSE:BILL - Get Free Report) in a report issued on Wednesday,Benzinga reports. The firm set a "buy" rating and a $71.00 price target on the stock. Citigroup's target price suggests a potential upside of 39.97% from the company's current price.

Several other research analysts have also commented on BILL. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BILL in a report on Thursday, July 17th. They issued a "hold" rating and a $49.00 price target for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $55.00 price target on shares of BILL in a report on Thursday, August 28th. Mizuho decreased their price target on shares of BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Finally, Piper Sandler downgraded shares of BILL from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $70.00 to $50.00 in a research report on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $59.95.

BILL Trading Down 4.2%

Shares of BILL stock traded down $2.24 during mid-day trading on Wednesday, reaching $50.73. The company's stock had a trading volume of 2,024,758 shares, compared to its average volume of 2,917,458. The company's 50 day simple moving average is $49.03 and its 200-day simple moving average is $45.96. BILL has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.16 billion, a PE ratio of -317.02, a price-to-earnings-growth ratio of 14.01 and a beta of 1.42.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.12. The business had revenue of $383.35 million for the quarter, compared to the consensus estimate of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. On average, research analysts predict that BILL will post 0.12 EPS for the current fiscal year.

BILL declared that its board has authorized a stock repurchase program on Wednesday, August 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd grew its position in BILL by 36.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company's stock valued at $170,706,000 after purchasing an additional 992,591 shares in the last quarter. Greenhouse Funds LLLP grew its position in BILL by 23.0% during the second quarter. Greenhouse Funds LLLP now owns 2,889,979 shares of the company's stock valued at $133,690,000 after purchasing an additional 541,213 shares in the last quarter. Ameriprise Financial Inc. grew its position in BILL by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 2,490,921 shares of the company's stock valued at $114,308,000 after purchasing an additional 475,100 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after purchasing an additional 1,309,337 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BILL by 133.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company's stock valued at $93,552,000 after purchasing an additional 1,165,398 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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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