BILL (NYSE:BILL) Price Target Raised to $44.00 at Truist Financial

BILL (NYSE:BILL) had its price objective lifted by Truist Financial from $38.00 to $44.00 in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on BILL. Robert W. Baird upped their price objective on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. TD Cowen began coverage on shares of BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price for the company. Zacks Research downgraded BILL from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods increased their price target on BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut BILL from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.95.

BILL Stock Up 5.5%

BILL opened at $43.53 on Friday. The firm has a market cap of $4.34 billion, a P/E ratio of -4,348.35, a PEG ratio of 0.93 and a beta of 1.17. The business’s fifty day simple moving average is $37.52 and its 200 day simple moving average is $40.83. BILL has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm had revenue of $406.56 million during the quarter, compared to the consensus estimate of $403.76 million. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. 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 anticipate that BILL will post 0.95 EPS for the current fiscal year.

Institutional Trading of BILL

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its holdings in shares of BILL by 147.3% during the 2nd 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 last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after acquiring an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in BILL in the fourth quarter valued at $28,000. State of Wyoming purchased a new stake in BILL during the first quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 452 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.