BILL (NYSE:BILL) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of BILL (NYSE:BILL) in a report published on Friday morning,Benzinga reports. They currently have a $75.00 price objective on the stock.

BILL has been the subject of a number of other reports. Oppenheimer upped their price objective on BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Truist Financial decreased their price target on shares of BILL from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, October 24th. The Goldman Sachs Group lifted their price objective on shares of BILL from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $56.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Wolfe Research raised shares of BILL from a “peer perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Thursday, September 11th. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.90.

BILL Stock Up 2.7%

Shares of BILL traded up $1.18 during mid-day trading on Friday, hitting $45.55. The company’s stock had a trading volume of 4,955,623 shares, compared to its average volume of 2,463,874. 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 company’s 50-day moving average is $50.77 and its 200-day moving average is $46.68. BILL has a 52-week low of $36.55 and a 52-week high of $100.19. The firm 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 data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $395.74 million during the quarter, compared to the consensus estimate of $390.91 million. BILL had a net margin of 0.79% and a return on equity of 1.39%. BILL’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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, equities research analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

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

Hedge Funds Weigh In On BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILL. Xponance Inc. lifted its position in BILL by 1.6% during the 1st quarter. Xponance Inc. now owns 13,902 shares of the company’s stock worth $638,000 after acquiring an additional 222 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock worth $1,165,000 after purchasing an additional 327 shares during the last quarter. Inlight Wealth Management LLC lifted its holdings in shares of BILL by 0.8% during the third quarter. Inlight Wealth Management LLC now owns 40,881 shares of the company’s stock worth $2,165,000 after purchasing an additional 334 shares during the period. Quarry LP boosted its position in BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 354 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock valued at $41,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.