Citigroup Begins Coverage on BILL (NYSE:BILL)

Equities research analysts at Citigroup initiated coverage on shares of BILL (NYSE:BILL) in a report issued on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $71.00 price target on the stock. Citigroup’s price target points to a potential upside of 40.06% from the stock’s current price.

Several other research firms have also recently commented on BILL. The Goldman Sachs Group boosted their target price on BILL from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Robert W. Baird lowered their price objective on BILL from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Wolfe Research raised shares of BILL from a “peer perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Thursday, September 11th. BMO Capital Markets lowered their price target on shares of BILL from $52.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Finally, Truist Financial raised shares of BILL from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $63.00 in a research report on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.95.

BILL Trading Down 0.0%

NYSE BILL opened at $50.69 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of -316.80, a PEG ratio of 13.53 and a beta of 1.42. The firm has a 50 day simple moving average of $49.46 and a 200-day simple moving average of $46.07. BILL has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The company had revenue of $383.35 million during the quarter, compared to analysts’ expectations of $376.43 million. During the same quarter last year, the company posted $0.57 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Equities research analysts anticipate that BILL will post 0.12 EPS for the current fiscal year.

BILL announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of BILL by 303.9% during the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company’s stock worth $57,000 after purchasing an additional 930 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of BILL by 66.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,878 shares of the company’s stock valued at $270,000 after purchasing an additional 2,336 shares during the period. Oppenheimer Asset Management Inc. grew its stake in BILL by 120.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,911 shares of the company’s stock worth $271,000 after buying an additional 3,232 shares during the last quarter. Asset Management One Co. Ltd. increased its position in BILL by 145.6% during the first quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company’s stock worth $101,000 after buying an additional 1,306 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in BILL by 3,947.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company’s stock worth $693,000 after buying an additional 14,725 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.