BILL Holdings, Inc. $BILL Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in BILL Holdings, Inc. (NYSE:BILL) by 54.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 292,926 shares of the company’s stock after selling 350,119 shares during the period. Assenagon Asset Management S.A.’s holdings in BILL were worth $11,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its stake in shares of BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after purchasing an additional 452 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in BILL in the fourth quarter valued at $10,892,000. Pacer Advisors Inc. raised its stake in BILL by 49.1% in the fourth quarter. Pacer Advisors Inc. now owns 18,023 shares of the company’s stock valued at $983,000 after buying an additional 5,933 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in BILL during the 4th quarter worth about $1,505,000. Finally, XTX Topco Ltd purchased a new stake in BILL during the 4th quarter worth about $1,839,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on BILL. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. 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 research report on Monday, May 11th. Morgan Stanley set a $55.00 target price on shares of BILL in a report on Friday, May 8th. Oppenheimer set a $55.00 target price on shares of BILL and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.19.

BILL Stock Performance

NYSE:BILL opened at $35.50 on Friday. The firm’s fifty day moving average price is $36.51 and its 200 day moving average price is $42.68. BILL Holdings, Inc. has a 1-year low of $31.41 and a 1-year high of $57.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -3,546.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) 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 the consensus estimate of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The company’s revenue for the quarter was up 13.5% on a year-over-year basis. 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. On average, sell-side analysts expect that BILL Holdings, Inc. will post 0.95 EPS for the current year.

BILL Company Profile

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.