BILL (NYSE:BILL) Price Target Raised to $54.00

BILL (NYSE:BILL) had its target price upped by Keefe, Bruyette & Woods from $46.00 to $54.00 in a report released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on the company. BTIG Research reissued a “buy” rating and issued a $60.00 price objective on shares of BILL in a research report on Thursday. Wall Street Zen downgraded shares of BILL from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Oppenheimer set a $55.00 price target on shares of BILL and gave the company an “outperform” rating in a research report on Friday, May 8th. TD Cowen began coverage on shares of BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price on the stock. Finally, Zacks Research lowered shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Twelve 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.55.

BILL Price Performance

BILL stock opened at $47.69 on Thursday. BILL has a 52 week low of $31.41 and a 52 week high of $57.21. The company’s 50 day moving average price is $42.32 and its two-hundred day moving average price is $40.63. The company has a quick ratio of 1.66, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock has a market cap of $4.75 billion, a P/E ratio of -366.85, a P/E/G ratio of 1.08 and a beta of 1.13.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, equities analysts predict that BILL will post 1.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of BILL by 21.8% in the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock worth $73,000 after acquiring an additional 239 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in BILL by 1.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company’s stock worth $693,000 after purchasing an additional 300 shares during the period. Thrivent Financial for Lutherans grew its holdings in BILL by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock valued at $1,165,000 after buying an additional 327 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in BILL by 46.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after acquiring an additional 401 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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. It also offers onboarding implementation support, and ongoing support and training services.