BILL (NYSE:BILL) Upgraded at Wolfe Research

Key Points

• Wolfe Research upgraded BILL (NYSE:BILL) from a "peer perform" rating to "outperform," with a target price of $70.00, indicating a potential upside of 32.25% from its current price.
• Stock buyback program authorized for $300.00 million, allowing the company to repurchase up to 7.2% of its shares, which suggests confidence in the stock's undervaluation.
• BILL reported $0.53 earnings per share for the last quarter, exceeding the consensus estimate by $0.12, with year-over-year revenue growth of 11.5% to $383.35 million.

Wolfe Research upgraded shares of BILL (NYSE:BILL - Free Report) from a peer perform rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $70.00 target price on the stock.

Several other equities research analysts also recently weighed in on BILL. Canaccord Genuity Group reissued a "buy" rating and issued a $75.00 target price on shares of BILL in a research report on Thursday, August 28th. Piper Sandler downgraded shares of BILL from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $70.00 to $50.00 in a research report on Thursday, August 28th. BMO Capital Markets lowered their price objective on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Mizuho reduced their target price on shares of BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Finally, Citigroup reduced their target price on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.50.

BILL Stock Down 0.6%

BILL stock traded down $0.31 during midday trading on Thursday, hitting $51.27. 1,161,446 shares of the stock were exchanged, compared to its average volume of 2,887,756. The company has a 50 day moving average price of $44.97 and a two-hundred day moving average price of $44.99. The firm has a market cap of $5.21 billion, a P/E ratio of -320.54, a P/E/G ratio of 14.63 and a beta of 1.37. BILL has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58.

BILL (NYSE:BILL - Get Free Report) last released its 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 company had revenue of $383.35 million during 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 company's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, sell-side analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

BILL announced that its Board of Directors has authorized 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 repurchase 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, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company's stock.

Institutional Trading of BILL

A number of institutional investors have recently made changes to their positions in BILL. CoreCap Advisors LLC acquired a new stake in BILL during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp raised its holdings in shares of BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares during the period. Quarry LP raised its holdings in shares of BILL by 85.9% during the first quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after acquiring an additional 354 shares during the period. Brooklyn Investment Group raised its holdings in shares of BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after acquiring an additional 377 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of BILL by 2,189.1% during the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after acquiring an additional 1,007 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.