BILL (NYSE:BILL) Price Target Raised to $66.00

BILL (NYSE:BILL) had its price target boosted by TD Cowen from $59.00 to $66.00 in a research report released on Monday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

BILL has been the subject of several other research reports. BMO Capital Markets lifted their price target on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Needham & Company LLC reissued a “buy” rating on shares of BILL in a research report on Thursday, August 20th. Jefferies Financial Group lowered shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Keefe, Bruyette & Woods lifted their target price on shares of BILL from $52.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, November 6th. Finally, UBS Group lifted their target price on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given 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 a consensus target price of $59.29.

BILL Stock Up 1.3%

Shares of NYSE:BILL opened at $54.42 on Monday. The stock has a fifty day simple moving average of $47.56 and a two-hundred day simple moving average of $42.82. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 106.70, a PEG ratio of 0.73 and a beta of 1.08. BILL has a 12-month low of $31.41 and a 12-month high of $57.21. The company has a current ratio of 1.50, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

BILL (NYSE:BILL) last released its earnings results on Thursday, November 5th. The company reported $1.18 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 business had revenue of $353.77 million for the quarter, compared to the consensus estimate of $438.62 million. During the same period in the previous year, the company posted $0.61 earnings per share. The company’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, research analysts anticipate that BILL will post 2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $6,839,615.52. Following the completion of the sale, the chief executive officer 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 legal filing with the SEC, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the sale, the insider owned 997 shares of the company’s stock, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days, insiders sold 267,997 shares of company stock worth $13,057,984. Company insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sepio Capital LP grew its stake in shares of BILL by 1,251.6% during the 3rd quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock valued at $55,484,000 after purchasing an additional 1,207,769 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of BILL in the 3rd quarter worth approximately $35,983,000. Canada Pension Plan Investment Board bought a new position in shares of BILL in the 2nd quarter worth approximately $14,894,000. Pacer Advisors Inc. lifted its stake in shares of BILL by 1,775.9% in the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after purchasing an additional 320,062 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of BILL in the second quarter worth approximately $10,940,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL News Summary

Investors following BILL have been watching these news items:

• Positive Sentiment: Jefferies upgraded BILL to “strong buy” from “hold.” The upgrade adds to the favorable analyst sentiment. Read More.
• Positive Sentiment: Business momentum and profitability drew attention. A recent analysis pointed to rising profits and sustained double-digit payment-volume growth; coverage of the earnings call also emphasized the potential for profitable, AI-led growth. Read More. · Read More.
• Positive Sentiment: Additional reports cited positive forecasts from Citigroup and TD Cowen, reinforcing the favorable analyst outlook. Read More. · Read More.

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.