William Blair reaffirmed their market perform rating on shares of BILL (NYSE:BILL – Free Report) in a research report report published on Friday,RTT News reports.
BILL has been the subject of several other research reports. Oppenheimer raised their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Susquehanna decreased their price target on BILL from $89.00 to $84.00 and set a “positive” rating on the stock in a research report on Friday. The Goldman Sachs Group lifted their price objective on BILL from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Mizuho reduced their price objective on BILL from $50.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on BILL in a report on Thursday, July 17th. They set a “hold” rating and a $49.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.90.
Check Out Our Latest Analysis on BILL
BILL Price Performance
BILL (NYSE:BILL – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $395.74 million for the quarter, compared to the consensus estimate of $390.91 million. BILL had a net margin of 0.79% and a return on equity of 1.39%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. As a group, sell-side analysts expect that BILL will post 0.12 earnings per share for the current year.
BILL declared that its board has initiated a stock repurchase plan on Wednesday, August 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in shares of BILL by 66.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,878 shares of the company’s stock worth $270,000 after buying an additional 2,336 shares during the period. Principal Financial Group Inc. boosted its stake in BILL by 2.5% in the first quarter. Principal Financial Group Inc. now owns 401,570 shares of the company’s stock valued at $18,428,000 after acquiring an additional 9,966 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of BILL by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 850,800 shares of the company’s stock worth $39,043,000 after purchasing an additional 43,186 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of BILL by 24.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,875 shares of the company’s stock worth $4,537,000 after purchasing an additional 19,378 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of BILL by 1.6% during the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock worth $638,000 after purchasing an additional 222 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.
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