BILL (NYSE:BILL) Price Target Cut to $46.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has lowered their price target for BILL from $54.00 to $46.00, indicating a potential downside of 2.25% from its previous close, while maintaining a "market perform" rating.
• Despite the lowered target, other analysts have varied opinions, with Oppenheimer raising their target to $55.00 and KeyCorp lowering theirs to $60.00, reflecting mixed sentiments about the stock.
• BILL reported a quarterly earnings per share (EPS) of $0.53, exceeding estimates, and announced a $300 million share buyback plan, suggesting management believes the stock is undervalued.

BILL (NYSE:BILL - Get Free Report) had its price objective cut by Keefe, Bruyette & Woods from $54.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential downside of 0.80% from the stock's current price.

Several other equities research analysts have also recently weighed in on BILL. BTIG Research started coverage on BILL in a research report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective for the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $75.00 target price on shares of BILL in a research report on Thursday, August 28th. Truist Financial raised their target price on BILL from $47.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. KeyCorp reduced their target price on BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Oppenheimer raised their target price on BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BILL has an average rating of "Hold" and an average target price of $59.50.

BILL Stock Performance

Shares of BILL traded down $0.05 during mid-day trading on Thursday, hitting $46.37. The company's stock had a trading volume of 2,812,458 shares, compared to its average volume of 2,779,139. BILL has a one year low of $36.55 and a one year high of $100.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $4.71 billion, a PE ratio of -289.57, a price-to-earnings-growth ratio of 10.30 and a beta of 1.37. The stock's 50-day moving average is $44.26 and its two-hundred day moving average is $45.40.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.12. BILL had a return on equity of 1.16% and a net margin of 1.63%.The company had revenue of $383.35 million during the quarter, compared to analysts' expectations of $376.43 million. During the same period in the prior year, the business earned $0.57 earnings per share. BILL's revenue for the quarter 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 EPS for the current year.

BILL announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in BILL by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company's stock worth $1,165,000 after buying an additional 327 shares during the last quarter. Nomura Holdings Inc. lifted its stake in BILL by 7,753.6% in the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company's stock valued at $68,778,000 after acquiring an additional 1,467,831 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of BILL during the 2nd quarter worth approximately $2,793,000. FORA Capital LLC acquired a new position in shares of BILL during the 2nd quarter worth approximately $867,000. Finally, Headlands Technologies LLC acquired a new position in shares of BILL during the 2nd quarter worth approximately $487,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

About BILL

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.