BMO Capital Markets Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target decreased by stock analysts at BMO Capital Markets from $56.00 to $54.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 20.39% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BILL in a research note on Wednesday, October 8th. Citigroup raised BILL to a “strong-buy” rating in a research report on Thursday, October 23rd. Oppenheimer raised their target price on BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Mizuho dropped their price target on BILL from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Finally, Robert W. Baird cut their price target on BILL from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, BILL currently has an average rating of “Hold” and a consensus target price of $59.10.

BILL Stock Up 1.1%

Shares of NYSE:BILL traded up $0.49 during midday trading on Friday, reaching $44.86. The company had a trading volume of 1,202,693 shares, compared to its average volume of 2,881,265. The stock’s fifty day moving average price is $50.79 and its 200-day moving average price is $46.64. BILL has a one year low of $36.55 and a one year high of $100.19. The stock has a market capitalization of $4.50 billion, a P/E ratio of -281.13, a PEG ratio of 12.22 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. BILL had a return on equity of 1.16% and a net margin of 1.63%.The business had revenue of $395.74 million for the quarter, compared to analysts’ expectations of $390.91 million. During the same period in the prior year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. Equities research analysts expect that BILL will post 0.12 earnings per share for the current fiscal year.

BILL announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in 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 in the last quarter. Principal Financial Group Inc. lifted its stake in shares of BILL by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 401,570 shares of the company’s stock valued at $18,428,000 after purchasing an additional 9,966 shares during the period. Bank of New York Mellon Corp raised 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 valued at $39,043,000 after acquiring an additional 43,186 shares during the period. Envestnet Asset Management Inc. raised its stake in BILL by 24.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 98,875 shares of the company’s stock worth $4,537,000 after buying an additional 19,378 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of BILL by 1.6% in the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after buying an additional 222 shares during the period. Institutional investors own 97.99% of the company’s stock.

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.