Zacks Research Downgrades BILL (NYSE:BILL) to Hold

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

A number of other equities research analysts have also weighed in on BILL. Truist Financial lowered BILL from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $35.00 in a research note on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price target on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Wall Street Zen downgraded BILL from a “buy” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley set a $55.00 price objective on BILL in a research note on Friday, May 8th. Finally, Oppenheimer set a $55.00 target price on shares of BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Hold” and an average price target of $55.50.

BILL Trading Down 2.2%

Shares of BILL opened at $44.18 on Monday. BILL has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -4,413.19, a PEG ratio of 1.01 and a beta of 1.17. The firm has a 50 day moving average price of $37.38 and a 200-day moving average price of $40.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last released its earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The company had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, equities research analysts forecast that BILL will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after buying an additional 430 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of BILL by 972.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of BILL in the 4th quarter worth approximately $28,000. State of Wyoming purchased a new position in shares of BILL in the 1st quarter valued at approximately $32,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares in 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. It also offers onboarding implementation support, and ongoing support and training services.