Truist Financial Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

BILL (NYSE:BILL) had its price target lifted by research analysts at Truist Financial from $38.00 to $44.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price points to a potential upside of 1.09% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group increased their target price on shares of BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Morgan Stanley set a $55.00 price target on shares of BILL in a research note on Friday, May 8th. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. BMO Capital Markets upped their price objective on shares of BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus target price of $55.95.

BILL Price Performance

NYSE:BILL opened at $43.53 on Friday. BILL has a 52 week low of $31.41 and a 52 week high of $57.21. The stock’s fifty day moving average is $37.52 and its two-hundred day moving average is $40.83. The company has a market capitalization of $4.34 billion, a P/E ratio of -4,348.35, a P/E/G ratio of 0.98 and a beta of 1.17. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The company’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Equities analysts expect that BILL will post 0.95 EPS for the current year.

Hedge Funds Weigh In On BILL

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in BILL by 21.8% during the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock worth $73,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC boosted its stake in shares of BILL by 27.2% in the fourth quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock valued at $68,000 after purchasing an additional 266 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of BILL by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company’s stock valued at $693,000 after purchasing an additional 300 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock valued at $1,165,000 after purchasing an additional 327 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of BILL by 46.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock valued at $69,000 after purchasing an additional 401 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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.