BILL Holdings, Inc. (NYSE:BILL) Stock Has Consensus Target Price of $58.82 According to Analysts

BILL Holdings, Inc. (NYSE:BILL) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $59.29.

Several equities analysts recently issued reports on BILL shares. BTIG Research reissued a “buy” rating and set a $60.00 price objective on shares of BILL in a research note on Thursday, August 20th. Truist Financial lowered their target price on shares of BILL from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, October 23rd. Keefe, Bruyette & Woods boosted their price target on BILL from $52.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, November 6th. Oppenheimer increased their price target on BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Finally, Zacks Research cut BILL from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th.

Insider Buying and Selling at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 141,256 shares of BILL stock in a transaction dated Wednesday, September 2nd. The shares were 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. This trade represents a 58.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 267,997 shares of company stock valued at $13,057,984 over the last quarter. Insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On BILL

Several hedge funds have recently modified their holdings of BILL. First Trust Advisors LP increased its position in BILL by 28.9% during the third quarter. First Trust Advisors LP now owns 20,106 shares of the company’s stock worth $855,000 after purchasing an additional 4,511 shares during the last quarter. Global Retirement Partners LLC raised its stake in BILL by 1,359.2% during the third quarter. Global Retirement Partners LLC now owns 8,405 shares of the company’s stock worth $358,000 after purchasing an additional 7,829 shares during the period. Edgestream Partners L.P. purchased a new position in BILL during the third quarter worth approximately $4,190,000. Intech Investment Management LLC purchased a new position in BILL during the third quarter worth approximately $1,805,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of BILL by 27.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,095 shares of the company’s stock valued at $174,000 after purchasing an additional 870 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Down 0.5%

Shares of NYSE:BILL opened at $54.14 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. BILL has a 52-week low of $31.41 and a 52-week high of $57.21. The stock’s fifty day simple moving average is $47.67 and its 200-day simple moving average is $42.84. The company has a market capitalization of $4.65 billion, a P/E ratio of 27.49, a P/E/G ratio of 0.74 and a beta of 1.08.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.18 EPS for the quarter, topping 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 firm had revenue of $353.77 million during the quarter, compared to analysts’ expectations of $438.62 million. During the same quarter last year, the business posted $0.61 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that BILL will post 2.45 earnings per share for the current fiscal year.

BILL News Summary

Here’s some of the latest news about BILL:

• Positive Sentiment: UBS initiated coverage with a Buy rating and a $64 price target, suggesting roughly 18% upside from the $54.14 reference price in the report. UBS coverage initiation
• Positive Sentiment: A Seeking Alpha analysis pointed to ramping profits and double-digit growth in payments volume, suggesting the business may be improving its earnings trajectory while maintaining transaction growth. Seeking Alpha analysis
• Neutral Sentiment: Morgan Stanley raised its price target from $60 to $64 but kept an Equal Weight rating, indicating a higher valuation outlook without a stronger recommendation. Morgan Stanley rating

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.