BILL (NYSE:BILL) Stock Rating Lowered by Truist Financial

BILL (NYSE:BILL) was downgraded by analysts at Truist Financial from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat.com reports. They presently have a $35.00 target price on the stock. Truist Financial’s price objective would suggest a potential upside of 2.59% from the stock’s previous close.

A number of other analysts have also recently commented on BILL. Canaccord Genuity Group increased their price target on shares of BILL from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley set a $55.00 price target on shares of BILL in a research note on Friday, May 8th. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Keefe, Bruyette & Woods increased their price target on shares of BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird increased their price target on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

BILL Stock Down 2.9%

NYSE:BILL opened at $34.12 on Wednesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -3,408.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20. BILL has a twelve month low of $33.29 and a twelve month high of $57.21. The stock’s 50 day moving average price is $37.74 and its two-hundred day moving average price is $44.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating 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 posted $0.50 earnings per share. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Equities research analysts expect that BILL will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Lavelle Capital LP acquired a new stake in BILL in the 1st quarter worth about $1,748,000. Anson Funds Management LP acquired a new stake in BILL in the 1st quarter worth about $1,532,000. California State Teachers Retirement System raised its stake in BILL by 22.8% in the 1st quarter. California State Teachers Retirement System now owns 100,296 shares of the company’s stock worth $3,841,000 after purchasing an additional 18,628 shares in the last quarter. Empowered Funds LLC raised its stake in BILL by 1,331.3% in the 1st quarter. Empowered Funds LLC now owns 115,145 shares of the company’s stock worth $4,410,000 after purchasing an additional 107,100 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in BILL by 231.1% in the 1st quarter. Quantinno Capital Management LP now owns 357,007 shares of the company’s stock worth $13,673,000 after purchasing an additional 249,191 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.