BILL Holdings, Inc. (NYSE:BILL) Stock Has Consensus Target Price of $58.82

BILL Holdings, Inc. (NYSE:BILL) has earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $59.29.

BILL has been the subject of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $60.00 price objective on shares of BILL in a report on Thursday, August 20th. Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Keefe, Bruyette & Woods upped their price objective on BILL from $52.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, November 6th. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research report on Thursday, August 20th. Finally, Zacks Research downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th.

BILL Price Performance

Shares of BILL traded up $0.49 during mid-day trading on Tuesday, reaching $54.49. The company had a trading volume of 985,686 shares, compared to its average volume of 1,462,129. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.51. The company has a market capitalization of $4.68 billion, a P/E ratio of 106.85, a P/E/G ratio of 0.74 and a beta of 1.08. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company’s 50-day moving average is $47.74 and its 200-day moving average is $42.88.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The firm had revenue of $353.77 million during the quarter, compared to analyst estimates of $438.62 million. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. On average, equities analysts anticipate that BILL will post 2.45 EPS for the current year.

Insider Buying and Selling

In related news, CEO Rene Lacerte sold 141,256 shares of BILL stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the completion of the sale, the chief executive officer directly owned 100,899 shares of the company’s stock, valued at $4,885,529.58. The trade was a 58.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider owned 997 shares of the company’s stock, valued at $48,982.61. The trade was a 91.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 267,997 shares of company stock worth $13,057,984. Insiders own 14.50% of the company’s stock.

Institutional Trading of BILL

Large investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of BILL in the 3rd quarter valued at approximately $477,000. FORA Capital LLC bought a new stake in shares of BILL in the third quarter valued at about $3,210,000. Marshall Wace LLP lifted its holdings in shares of BILL by 154.9% in the third quarter. Marshall Wace LLP now owns 497,116 shares of the company’s stock valued at $21,147,000 after purchasing an additional 302,104 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of BILL in the third quarter valued at about $2,843,000. Finally, First Trust Advisors LP boosted its position in shares of BILL by 28.9% during the third quarter. First Trust Advisors LP now owns 20,106 shares of the company’s stock worth $855,000 after buying an additional 4,511 shares during the period. Institutional investors own 97.99% of the company’s stock.

BILL Company Profile

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows. Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.