BILL (NYSE:BILL) Upgraded to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of BILL (NYSE:BILL – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.

BILL has been the subject of several other reports. Keefe, Bruyette & Woods raised their target price on shares of BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday. TD Cowen began coverage on shares of BILL in a report on Monday, June 22nd. They issued a “buy” rating and a $43.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research report on Thursday. Morgan Stanley increased their price target on shares of BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Truist Financial raised their price objective on shares of BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BILL has an average rating of “Hold” and an average price target of $57.55.

Check Out Our Latest Stock Report on BILL

BILL Stock Up 0.6%

BILL stock opened at $47.69 on Friday. BILL has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of -366.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The stock’s fifty day moving average is $42.32 and its two-hundred day moving average is $40.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.66 and a current ratio of 1.51.

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

Institutional Trading of BILL

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of BILL by 50.3% during the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after purchasing an additional 2,678 shares during the period. Prudential Financial Inc. grew its position in shares of BILL by 19.6% in the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock valued at $462,000 after purchasing an additional 1,637 shares during the period. California Public Employees Retirement System grew its position in shares of BILL by 2.2% in the second quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock valued at $7,748,000 after purchasing an additional 3,602 shares during the period. AXA S.A. grew its position in shares of BILL by 121.7% in the second quarter. AXA S.A. now owns 58,346 shares of the company’s stock valued at $2,699,000 after purchasing an additional 32,024 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in BILL in the second quarter valued at $1,624,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Company Profile

(Get Free Report)

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.

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