BILL (NYSE:BILL) Issues Quarterly Earnings Results

BILL (NYSE:BILL) announced its quarterly earnings results on Thursday. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10, Briefing.com reports. BILL had a net margin of 0.79% and a return on equity of 1.39%. The firm had revenue of $395.74 million during the quarter, compared to analysts’ expectations of $390.91 million. During the same quarter last year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. BILL updated its FY 2026 guidance to 2.110-2.250 EPS and its Q2 2026 guidance to 0.540-0.570 EPS.

BILL Stock Performance

NYSE:BILL traded up $1.18 during mid-day trading on Friday, hitting $45.55. 4,955,623 shares of the stock were exchanged, compared to its average volume of 2,463,874. The firm’s 50-day simple moving average is $50.77 and its 200 day simple moving average is $46.68. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -168.70, a price-to-earnings-growth ratio of 11.65 and a beta of 1.43. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock valued at $367,000 after acquiring an additional 2,678 shares during the period. Prudential Financial Inc. raised its stake in BILL by 19.6% in the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after purchasing an additional 1,637 shares in the last quarter. California Public Employees Retirement System boosted its holdings in BILL by 2.2% in the 2nd 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% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock worth $2,699,000 after purchasing an additional 32,024 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of BILL during the second quarter worth approximately $1,624,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BILL shares. Robert W. Baird cut their target price on shares of BILL from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Piper Sandler cut BILL from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $50.00 in a research report on Thursday, August 28th. Keefe, Bruyette & Woods reduced their target price on BILL from $56.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday. Susquehanna decreased their target price on BILL from $89.00 to $84.00 and set a “positive” rating on the stock in a report on Friday. Finally, BMO Capital Markets cut their price target on BILL from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.90.

BILL announced that its board has authorized a stock buyback program on Wednesday, August 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.