Wall Street Zen Downgrades BILL (NYSE:BILL) to Hold

BILL (NYSE:BILL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts also recently issued reports on BILL. Morgan Stanley set a $55.00 price target on shares of BILL in a report on Friday, May 8th. Robert W. Baird boosted their price objective on shares of BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Oppenheimer set a $55.00 target price on shares of BILL and gave the stock an “outperform” rating in a research report on Friday, May 8th. Keefe, Bruyette & Woods increased their target price on shares of BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $55.19.

BILL Trading Up 6.4%

Shares of BILL stock opened at $35.50 on Friday. The business’s fifty day moving average price is $36.51 and its 200 day moving average price is $42.68. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. The firm has a market capitalization of $3.54 billion, a PE ratio of -3,546.65, a P/E/G ratio of 1.17 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.66.

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

Institutional Investors Weigh In On BILL

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in BILL by 50.3% in the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock valued at $367,000 after buying an additional 2,678 shares during the period. Prudential Financial Inc. raised its stake in BILL by 19.6% during the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after purchasing an additional 1,637 shares during the period. California Public Employees Retirement System boosted its holdings in shares of BILL by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock valued at $7,748,000 after purchasing an additional 3,602 shares during the last quarter. AXA S.A. boosted its holdings in shares of BILL by 121.7% in the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock valued at $2,699,000 after purchasing an additional 32,024 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of BILL during the 2nd quarter valued at $1,624,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

About BILL

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.