BILL (NYSE:BILL) Price Target Raised to $64.00

BILL (NYSE:BILL) had its target price hoisted by Morgan Stanley from $60.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Truist Financial reduced their price objective on shares of BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Wolfe Research lifted their price objective on shares of BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Zacks Research downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Finally, BTIG Research reiterated a “buy” rating and set a $60.00 target price on shares of BILL in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and an average price target of $59.29.

BILL Price Performance

Shares of NYSE BILL opened at $54.49 on Wednesday. The stock’s 50-day moving average is $47.74 and its two-hundred day moving average is $42.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.51. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The company had revenue of $353.77 million for the quarter, compared to analyst estimates of $438.62 million. During the same quarter last year, the company earned $0.61 EPS. BILL’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. Analysts forecast that BILL will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, CEO Rene A. Lacerte sold 42,248 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the transaction, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. This trade represents a 20.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 267,997 shares of company stock valued at $13,057,984 in the last 90 days. Company insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On BILL

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of BILL by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock valued at $118,366,000 after buying an additional 126,427 shares in the last quarter. Sepio Capital LP lifted its stake in shares of BILL by 1,251.6% during the third quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock valued at $55,484,000 after buying an additional 1,207,769 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of BILL during the third quarter worth $35,983,000. Marshall Wace LLP boosted its stake in BILL by 154.9% in the 3rd quarter. Marshall Wace LLP now owns 497,116 shares of the company’s stock worth $21,147,000 after buying an additional 302,104 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in BILL in the second quarter valued at approximately $14,894,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

About BILL

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.