Keefe, Bruyette & Woods Cuts BILL (NYSE:BILL) Price Target to $48.00

BILL (NYSE:BILL) had its target price dropped by equities researchers at Keefe, Bruyette & Woods from $56.00 to $48.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.01% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of BILL in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BILL in a research note on Wednesday, October 8th. Oppenheimer lifted their price target on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Needham & Company LLC restated a “buy” rating and issued a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. Finally, Mizuho dropped their price target on shares of BILL from $50.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.10.

BILL Stock Up 1.1%

Shares of BILL stock traded up $0.49 during trading hours on Friday, reaching $44.86. 1,202,693 shares of the company’s stock were exchanged, compared to its average volume of 2,881,265. The company has a 50 day moving average of $50.79 and a two-hundred day moving average of $46.64. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.50 billion, a P/E ratio of -281.13, a P/E/G ratio of 12.22 and a beta of 1.43.

BILL (NYSE:BILL) last posted its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. BILL had a return on equity of 1.16% and a net margin of 1.63%.The business had revenue of $395.74 million for the quarter, compared to analyst estimates of $390.91 million. During the same period in the previous year, the firm earned $0.63 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. On average, sell-side analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

BILL declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently modified their holdings of BILL. Nomura Holdings Inc. raised its position in shares of BILL by 7,753.6% in the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company’s stock worth $68,778,000 after acquiring an additional 1,467,831 shares in the last quarter. Contour Asset Management LLC acquired a new stake in BILL during the 1st quarter worth about $65,783,000. Dimensional Fund Advisors LP grew its position in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock valued at $114,265,000 after buying an additional 1,309,337 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of BILL by 133.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company’s stock valued at $93,552,000 after buying an additional 1,165,398 shares in the last quarter. Finally, Norges Bank purchased a new position in BILL during the second quarter valued at $52,908,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.