BILL (NYSE:BILL) Price Target Raised to $64.00

BILL (NYSE:BILL) had its price target boosted by investment analysts at Morgan Stanley from $60.00 to $64.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley‘s price objective points to a potential upside of 18.66% from the company’s current price.

Several other brokerages have also recently weighed in on BILL. Wolfe Research raised their target price on BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods boosted their price target on shares of BILL from $52.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, November 6th. BTIG Research reissued a “buy” rating and issued a $60.00 price target on shares of BILL in a report on Thursday, August 20th. UBS Group assumed coverage on shares of BILL in a report on Wednesday. They issued a “buy” rating and a $64.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.29.

BILL Price Performance

BILL traded up $0.20 during trading on Wednesday, reaching $53.94. The stock had a trading volume of 410,760 shares, compared to its average volume of 2,369,870. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 105.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a quick ratio of 1.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. The stock has a 50 day moving average of $47.42 and a two-hundred day moving average of $42.79.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The company had revenue of $353.77 million for the quarter, compared to analysts’ expectations of $438.62 million. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. As a group, equities analysts anticipate that BILL will post 2.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Cieri sold 10,754 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rene Lacerte sold 141,256 shares of BILL stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total value of $6,839,615.52. Following the completion of the transaction, the chief executive officer directly owned 100,899 shares in the company, valued at $4,885,529.58. This represents a 58.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 267,997 shares of company stock valued at $13,057,984 in the last quarter. 14.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sepio Capital LP raised its holdings in shares of BILL by 1,251.6% during the third quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock valued at $55,484,000 after acquiring an additional 1,207,769 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in BILL in the 3rd quarter worth approximately $35,983,000. Canada Pension Plan Investment Board acquired a new position in BILL in the 2nd quarter worth approximately $14,894,000. Pacer Advisors Inc. grew its position in BILL by 1,775.9% during the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after purchasing an additional 320,062 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in BILL during the 2nd quarter worth approximately $10,940,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL News Summary

These are some of the BILL news items that stood out recently:

• Positive Sentiment: UBS initiated coverage with a Buy rating and a $64 price target, implying 18.6% upside from the cited $53.95 price. UBS Group stock recommendations
• Positive Sentiment: Jefferies raised its rating from Hold to Strong Buy, adding to the recent bullish analyst view of BILL. Jefferies Financial Group stock recommendations
• Positive Sentiment: Citigroup raised its price target to $60 from $55 and maintained a Buy rating, signaling greater confidence in the stock’s potential. Citigroup stock recommendations

BILL Company Profile

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows. Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.