BILL (NYSE:BILL) Shares Gap Up – What’s Next?

BILL Holdings, Inc. (NYSE:BILL) gapped up before the market opened on Wednesday . The stock had previously closed at $46.57, but opened at $52.34. BILL shares last traded at $53.0550, with a volume of 2,151,017 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BILL. BMO Capital Markets dropped their price objective on BILL from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Canaccord Genuity Group restated a “buy” rating and set a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. Truist Financial cut their price objective on BILL from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their target price on BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Oppenheimer increased their target price on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BILL has an average rating of “Moderate Buy” and an average target price of $58.90.

BILL Price Performance

The business has a fifty day moving average of $50.78 and a 200 day moving average of $46.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.67 and a quick ratio of 1.58. The stock has a market cap of $5.19 billion, a PE ratio of -192.33, a P/E/G ratio of 11.10 and a beta of 1.43.

BILL (NYSE:BILL) last issued its earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $395.74 million during the quarter, compared to the consensus estimate of $390.91 million. BILL had a return on equity of 1.39% and a net margin of 0.79%.BILL’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. Sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL announced that its board has initiated a share repurchase plan on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of BILL

Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. grew its position in BILL by 7,753.6% in the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company’s stock worth $68,778,000 after purchasing an additional 1,467,831 shares during the last quarter. Contour Asset Management LLC acquired a new position in shares of BILL during the first quarter worth approximately $65,783,000. Dimensional Fund Advisors LP grew its holdings in BILL by 110.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock worth $114,265,000 after buying an additional 1,309,337 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in BILL by 133.5% in the 1st 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 acquiring an additional 1,165,398 shares during the period. Finally, Norges Bank bought a new stake in BILL during the 2nd quarter valued at $52,908,000. 97.99% of the stock is currently owned by 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.