BILL (NYSE:BILL) Upgraded to "Buy" at Truist Financial

Key Points

• Truist Financial upgraded BILL (NYSE:BILL) from a "hold" to a "buy" rating, with a target price of $63.00, suggesting a potential upside of 19.64% from its previous close.
• BILL reported strong earnings, with an EPS of $0.53 for the quarter, exceeding the consensus estimate of $0.41, and an 11.5% year-over-year revenue growth.
• The company has approved a $300 million stock repurchase plan, indicating confidence from management about the stock’s current valuation.

Truist Financial upgraded shares of BILL (NYSE:BILL - Free Report) from a hold rating to a buy rating in a research report report published on Friday, MarketBeat.com reports. They currently have $63.00 price target on the stock, up from their previous price target of $50.00.

Several other equities research analysts also recently weighed in on BILL. Citigroup lowered their price target on BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Canaccord Genuity Group reissued a "buy" rating and issued a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Evercore ISI lowered their price target on BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a report on Thursday, August 28th. Piper Sandler downgraded BILL from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Finally, Mizuho decreased their target price on BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BILL has a consensus rating of "Hold" and an average price target of $59.15.

BILL Stock Up 2.0%

NYSE BILL traded up $1.06 during trading on Friday, hitting $54.44. The company's stock had a trading volume of 1,230,179 shares, compared to its average volume of 2,916,563. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $5.53 billion, a PE ratio of -339.71, a P/E/G ratio of 14.99 and a beta of 1.37. The business's 50 day simple moving average is $45.53 and its 200-day simple moving average is $45.10. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

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

BILL declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BILL. Cetera Investment Advisers acquired a new position in BILL in the fourth quarter valued at approximately $467,000. Nuveen Asset Management LLC increased its position in shares of BILL by 19.0% in the fourth quarter. Nuveen Asset Management LLC now owns 314,340 shares of the company's stock valued at $26,628,000 after buying an additional 50,252 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $377,000. Rafferty Asset Management LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $273,000. Finally, Snowden Capital Advisors LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $297,000. 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.