() updated its FY23 earning guidance on Thursday morning. The company gave a guidance for earnings per share of $1.46-1.48, compared with the consensus estimate of $1.04. The company provided revenue guidance between $1.0395-1.0425 Billion, compared with the consensus estimate of $1.00 Billion. BILL updated its FY2023 guidance at $1.46 to $1.48 per share.
BILL Stock Performance
During Friday's midday trading, the stock rose $14.13 to $94.04. The trading volume was 8,362,019 compared to the average of 1,696,143. The market capitalization is $10.00 billion. It has a PE of -33.83, and a beta value of 1.96. The stock's 50-day moving average is $77.88, and its 200-day moving average is $99.00. The company's current ratio is 1.81, its quick ratio is 1.81 and it has a debt to equity ratio of 0.44. The company released its last quarterly earnings report on Thursday, 2nd February. The company's ($0.61) earnings per share for the third quarter exceeded analysts' expectations of ($0.88) ($0.27). The company had a revenue of $260.01 millions for the quarter compared to a consensus estimate of $252.59 million. BILL's negative net margin was 30.41%, and its negative return on equity was 4.85%. Analysts predict that BILL's earnings per share will be -2 for the current fiscal period.
Analyst Upgrades and downgrades
Several analysts have recently commented on BILL's shares. Robert W. Baird raised their price target on shares of BILL in a Friday report from $86.00 up to $96.00. Wolfe Research raised their price target for shares of BILL in a Friday report from $100.00 up to $110.00. Susquehanna lowered their price target for shares of BILL in a report published on Wednesday, April 26th from $120.00 up to $115.00. Goldman Sachs Group lowered their price target for shares of BILL in a report published on Thursday, April 13, from $120.00 down to $104.00. They also set a Buy rating on the stock. JPMorgan Chase & Co. lowered their price target for shares of BILL in a Friday, February 3, report from $161.00 down to $135.00. They also set an overweight rating. Five analysts have given the company a hold or buy rating. MarketBeat.com data shows that the average rating for the company is Moderate Buy with an average price of $126.75.
BILL Insider Transactions
On Monday, 6th February, 6,008 shares were sold in a single transaction. The shares were purchased at an average price $93.01 for a value of $558.804.08. The chief financial officer owns 26,818 of the company stock valued at $2.494,342.18 after the sale. CFO John R. Rettig, who is also the company's COO, sold 6,008 of its shares in a deal on February 6th. The shares were sold for an average price $93.01 and had a total worth of $558.804.08. The chief financial officer owns 26,818 of the company stock valued at $2.494,342.18 after the sale. Insider Rajesh A. Aji also sold 847 of the company's shares in a deal on Wednesday, 15th February. The shares were purchased at an average price $99.00 for a total of $83,853.00. Insiders have sold 7,015 company shares valued at $657.697 in the past 90 days. Corporate insiders hold 5.00% the stock of their company.
Inflows of Institutional Capital and Outflows
Several large investors recently increased or decreased their stakes in this stock. Eagle Asset Management Inc. increased its stake in BILL shares by 122.0% during the fourth quarter. Eagle Asset Management Inc. owns 833.236 shares worth $91,039,000, after purchasing an additional 457.861 shares in the last quarter. Norges Bank acquired a new stake in BILL shares in the fourth quarter, worth approximately $46,441,000. Goldman Sachs Group Inc. increased its holdings in BILL shares by 25.1% during the second quarter. Goldman Sachs Group Inc. owns 1,616,806 of the company stock, worth $177.752,000, after purchasing an additional 324,354 shares in the last quarter. Summit Partners Public Asset Management LLC increased its holdings in BILL shares by 204.9% during the 4th Quarter. Summit Partners Public Asset Management LLC owns now 423,030 of the company’s stock valued at $46,093,000. This is after purchasing an additional 284,289 during the last quarter. Vanguard Group Inc. increased its holdings in BILL shares by 3.1% during the first quarter. Vanguard Group Inc. owns 8,842,430 of the company’s stock, worth $2,005,375,000, after purchasing an additional 269.438 shares in the last quarter. Institutional investors own 95.80% the company's stock.
BILL Company Profile
Bill.com Holdings, Inc. provides cloud-based financial software for small and medium-sized businesses around the world. 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.
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