BILL (NYSE:BILL) Price Target Raised to $60.00

BILL (NYSE:BILL) had its price objective hoisted by Citigroup from $55.00 to $60.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their target price on BILL from $52.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, November 6th. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. BTIG Research reissued a “buy” rating and issued a $60.00 price target on shares of BILL in a report on Thursday, August 20th. The Goldman Sachs Group increased their price target on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, UBS Group raised their price objective 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 analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average price target of $59.29.

BILL Stock Performance

BILL stock opened at $54.42 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The firm has a market cap of $4.67 billion, a PE ratio of 106.70, a P/E/G ratio of 0.73 and a beta of 1.08. The business has a 50 day moving average of $47.56 and a 200-day moving average of $42.82. BILL has a 12-month low of $31.41 and a 12-month high of $57.21.

BILL (NYSE:BILL) last issued its quarterly earnings results 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 business had revenue of $353.77 million for the quarter, compared to analyst estimates of $438.62 million. During the same period last year, the company posted $0.61 earnings per share. BILL’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, sell-side analysts expect that BILL will post 2.45 earnings per share for the current year.

Insider Activity at BILL

In related news, CEO Rene Lacerte sold 42,248 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. This represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the transaction, 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 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. In the last three months, insiders sold 267,997 shares of company stock worth $13,057,984. Insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new stake in shares of BILL during the second quarter valued at about $2,222,000. Pacer Advisors Inc. boosted its position in shares of BILL by 1,775.9% in the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock valued at $12,949,000 after acquiring an additional 320,062 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of BILL by 743.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock valued at $10,113,000 after acquiring an additional 232,731 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of BILL in the second quarter valued at approximately $894,000. Finally, Legal & General Group Plc purchased a new position in BILL during the second quarter valued at approximately $3,987,000. Institutional investors own 97.99% of the company’s stock.

Top BILL Stories

Here are a few of the latest stories about BILL:

• Positive Sentiment: Analysts turned more favorable. UBS initiated coverage with a “buy” rating and a $64 price target. Morgan Stanley raised its target from $60 to $64, while keeping an “equal weight” rating. Read More. · Read More.
• 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.

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.