BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Moderate Buy” from Brokerages

BILL Holdings, Inc. (NYSE:BILL) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.67.

A number of equities analysts have commented on the stock. Seaport Res Ptn lowered shares of BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. UBS Group boosted their price objective on shares of BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Needham & Company LLC cut their target price on shares of BILL from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company cut their target price on shares of BILL from $43.00 to $40.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th. Finally, BTIG Research assumed coverage on shares of BILL in a research report on Wednesday, April 30th. They set a “buy” rating and a $60.00 price objective for the company.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Groupama Asset Managment lifted its position in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after acquiring an additional 3,500,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BILL by 110.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock worth $114,265,000 after purchasing an additional 1,309,337 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of BILL by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new position in shares of BILL during the 4th quarter worth $99,906,000. Finally, Invesco Ltd. increased its stake in shares of BILL by 828.1% during the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock worth $110,269,000 after purchasing an additional 1,161,457 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Performance

NYSE:BILL opened at $47.75 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -4,775.00, a PEG ratio of 29.46 and a beta of 1.44. The firm’s fifty day simple moving average is $44.65 and its 200 day simple moving average is $67.28. BILL has a twelve month low of $36.55 and a twelve month high of $100.19.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that BILL will post 0.12 earnings per share for the current fiscal year.

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.