BILL Holdings, Inc. (NYSE:BILL) Receives Average Recommendation of “Hold” from Analysts

BILL Holdings, Inc. (NYSE:BILL) has received an average recommendation of “Hold” from the twenty-three research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.95.

A number of equities analysts have recently issued reports on BILL shares. Morgan Stanley set a $55.00 target price on BILL in a report on Friday, May 8th. BMO Capital Markets upped their price target on BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Wall Street Zen cut BILL from a “buy” rating to a “hold” rating in a research report on Monday, July 13th. Oppenheimer set a $55.00 price objective on BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, TD Cowen began coverage on BILL in a report on Monday, June 22nd. They set a “buy” rating and a $43.00 price objective for the company.

BILL Stock Performance

NYSE BILL opened at $47.96 on Friday. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.78 billion, a P/E ratio of -4,791.31, a PEG ratio of 1.08 and a beta of 1.13. The company’s 50-day simple moving average is $39.59 and its 200 day simple moving average is $40.44.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The firm had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. As a group, research analysts forecast that BILL will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of BILL

Large investors have recently added to or reduced their stakes in the company. Pier Capital LLC bought a new stake in BILL during the 4th quarter worth approximately $5,064,000. Iridian Asset Management LLC CT increased its holdings in BILL by 23.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 187,404 shares of the company’s stock valued at $10,221,000 after purchasing an additional 35,850 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in BILL by 743.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock valued at $10,113,000 after purchasing an additional 232,731 shares during the last quarter. Pacer Advisors Inc. raised its position in BILL by 1,775.9% in the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock valued at $12,949,000 after purchasing an additional 320,062 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new position in BILL in the fourth quarter worth $15,778,000. 97.99% of the stock is 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. It also offers onboarding implementation support, and ongoing support and training services.