Quantitative Investment Management LLC Invests $595,000 in BILL Holdings, Inc. $BILL

Quantitative Investment Management LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,472 shares of the company’s stock, valued at approximately $595,000.

Other hedge funds also recently made changes to their positions in the company. ER Collective Holdings LLC purchased a new stake in BILL during the fourth quarter valued at about $464,588,000. Senvest Management LLC increased its position in shares of BILL by 155.8% during the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock valued at $140,346,000 after purchasing an additional 1,567,186 shares during the last quarter. Contour Asset Management LLC raised its holdings in shares of BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after buying an additional 1,472,132 shares in the last quarter. Marshall Wace LLP lifted its position in BILL by 190.8% in the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after buying an additional 1,421,785 shares during the last quarter. Finally, Norges Bank bought a new stake in BILL in the 4th quarter worth approximately $54,275,000. 97.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BILL news, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BILL. BMO Capital Markets lifted their price target on shares of BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. Wolfe Research upped their price objective on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. UBS Group increased their target price on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 20th. BTIG Research reiterated a “buy” rating and issued a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average target price of $58.67.

BILL Stock Down 3.4%

Shares of NYSE BILL opened at $47.57 on Wednesday. The firm has a fifty day simple moving average of $44.54 and a two-hundred day simple moving average of $40.86. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.06 billion, a PE ratio of -365.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.09.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities analysts expect that BILL Holdings, Inc. will post 2.17 earnings per share for the current year.

BILL 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.