Zacks Research Upgrades BILL (NYSE:BILL) to “Strong-Buy”

BILL (NYSE:BILL) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

BILL has been the subject of a number of other reports. The Goldman Sachs Group raised their price objective on shares of BILL from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. upped their price objective on BILL from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday. Susquehanna cut their target price on BILL from $89.00 to $84.00 and set a “positive” rating on the stock in a research note on Friday. Oppenheimer boosted their price target on BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.90.

BILL Stock Up 2.7%

Shares of NYSE:BILL opened at $45.55 on Thursday. 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 fifty day simple moving average of $50.77 and a two-hundred day simple moving average of $46.68. BILL has a 12-month low of $36.55 and a 12-month high of $100.19. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -168.70, a PEG ratio of 11.65 and a beta of 1.43.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $395.74 million during the quarter, compared to the consensus estimate of $390.91 million. BILL had a return on equity of 1.39% and a net margin of 0.79%.The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. On average, research analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

BILL declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of BILL

Hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in BILL by 66.0% in 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. Bank of New York Mellon Corp lifted its holdings in shares of BILL by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 850,800 shares of the company’s stock worth $39,043,000 after buying an additional 43,186 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of BILL by 24.4% during the first quarter. Envestnet Asset Management Inc. now owns 98,875 shares of the company’s stock worth $4,537,000 after acquiring an additional 19,378 shares during the last quarter. Xponance Inc. grew its stake in BILL by 1.6% during the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after acquiring an additional 222 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in BILL by 56.1% during the first quarter. New York State Common Retirement Fund now owns 213,325 shares of the company’s stock valued at $9,789,000 after acquiring an additional 76,704 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.