BILL (NYSE:BILL) Now Covered by Analysts at UBS Group

Investment analysts at UBS Group began coverage on shares of BILL (NYSE:BILL) in a report released on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $64.00 price target on the stock. UBS Group‘s target price indicates a potential upside of 19.27% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets raised their price target on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of BILL in a research report on Thursday, August 20th. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Truist Financial cut their price objective on BILL from $52.00 to $50.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Finally, The Goldman Sachs Group raised their target price on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.06.

BILL Trading Down 0.2%

BILL stock opened at $53.66 on Wednesday. The firm has a 50-day moving average of $47.42 and a 200-day moving average of $42.79. BILL has a one year low of $31.41 and a one year high of $57.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.51. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 106.23, a P/E/G ratio of 0.78 and a beta of 1.08.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $353.77 million during the quarter, compared to analysts’ expectations of $438.62 million. BILL had a return on equity of 5.83% and a net margin of 3.23%. BILL’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. 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, equities analysts expect that BILL will post 2.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rene Lacerte sold 42,248 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the completion of the sale, the chief executive officer owned 163,125 shares of the company’s stock, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 267,997 shares of company stock valued at $13,057,984 in the last three months. Insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in BILL by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock worth $118,366,000 after buying an additional 126,427 shares in the last quarter. Sepio Capital LP raised its holdings in BILL by 1,251.6% in the 3rd quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock valued at $55,484,000 after acquiring an additional 1,207,769 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of BILL during the 3rd quarter valued at $35,983,000. Canada Pension Plan Investment Board bought a new stake in shares of BILL during the 2nd quarter valued at $14,894,000. Finally, Algert Global LLC grew its holdings in shares of BILL by 113.8% during the 2nd quarter. Algert Global LLC now owns 385,264 shares of the company’s stock worth $13,931,000 after purchasing an additional 205,024 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL News Roundup

Here are the key news stories impacting BILL this week:

• Positive Sentiment: Jefferies upgraded BILL from “hold” to “strong buy,” adding to the positive analyst outlook. Jefferies rating information
• Positive Sentiment: Citigroup raised its price target to $60 from $55 and maintained a “buy” rating, citing potential for further appreciation. Citigroup forecast for BILL
• Positive Sentiment: TD Cowen lifted its target to $66 from $59 and kept a “buy” rating, implying a more optimistic view of BILL’s prospects. TD Cowen forecast for BILL
• Positive Sentiment: Coverage of BILL’s earnings call highlighted a narrative of profitable growth supported by AI. The provided report summary did not include specific new financial figures. BILL earnings call coverage

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.