BILL (BILL) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for BILL (NYSE: BILL):

• 11/12/2024 – BILL had its price target raised by analysts at The Goldman Sachs Group, Inc. from $60.00 to $77.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – BILL had its price target raised by analysts at Piper Sandler from $60.00 to $85.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – BILL had its price target raised by analysts at Oppenheimer Holdings Inc. from $70.00 to $83.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – BILL had its price target raised by analysts at Robert W. Baird from $62.00 to $74.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – BILL had its price target raised by analysts at Robert W. Baird from $60.00 to $62.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – BILL had its price target raised by analysts at The Goldman Sachs Group, Inc. from $54.00 to $60.00. They now have a “neutral” rating on the stock.

BILL Stock Performance

Shares of BILL opened at $89.70 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $56.81 and a 200-day moving average price of $53.89. The company has a market cap of $9.28 billion, a PE ratio of -271.82 and a beta of 1.59. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $91.19.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. As a group, equities analysts forecast that BILL Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Rene A. Lacerte purchased 42,248 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Rene A. Lacerte bought 42,248 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajesh A. Aji sold 2,486 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.73, for a total value of $136,058.78. Following the transaction, the insider now owns 7,812 shares in the company, valued at approximately $427,550.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 5,333 shares valued at $328,800. Insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

Large investors have recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in shares of BILL by 216.0% during the first quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after purchasing an additional 5,507 shares in the last quarter. SG Americas Securities LLC bought a new stake in BILL in the first quarter worth $304,000. Illinois Municipal Retirement Fund bought a new stake in BILL in the first quarter worth $804,000. State Board of Administration of Florida Retirement System grew its stake in shares of BILL by 7.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock worth $8,589,000 after acquiring an additional 8,839 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of BILL by 250.6% in the first quarter. Intech Investment Management LLC now owns 30,276 shares of the company’s stock worth $2,081,000 after acquiring an additional 21,640 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

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.