ER Collective Holdings LLC Makes New Investment in BILL Holdings, Inc. $BILL

ER Collective Holdings LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 8,518,300 shares of the company’s stock, valued at approximately $464,588,000. BILL accounts for about 100.0% of ER Collective Holdings LLC’s holdings, making the stock its largest position. ER Collective Holdings LLC owned about 0.09% of BILL as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BILL. Empowered Funds LLC increased its position in shares of BILL by 50.3% during the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after purchasing an additional 2,678 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of BILL by 19.6% during the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after acquiring an additional 1,637 shares during the period. California Public Employees Retirement System boosted its stake in shares of BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock worth $7,748,000 after acquiring an additional 3,602 shares during the period. AXA S.A. boosted its stake in shares of BILL by 121.7% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock worth $2,699,000 after acquiring an additional 32,024 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of BILL during the 2nd quarter worth approximately $1,624,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Key BILL News

Here are the key news stories impacting BILL this week:

• Positive Sentiment: No direct positive company-specific developments were reported in the latest articles.
• Neutral Sentiment: One article discussed a Zacks screen highlighting computer and technology stocks with potential earnings upside, but BILL was not named specifically and the piece does not appear to be a direct driver of the stock.
• Negative Sentiment: The broader mix of headlines is centered on legislation, housing, and sports-related bills, which do not materially affect BILL’s payment software business and may reflect a lack of fresh company-specific buying interest.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BILL. BMO Capital Markets lifted their target price on BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods lifted their target price on BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. reduced their target price on BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Robert W. Baird lifted their target price on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.80.

BILL Stock Performance

BILL opened at $32.14 on Thursday. The business has a fifty day simple moving average of $37.08 and a 200 day simple moving average of $43.53. The company has a market capitalization of $3.20 billion, a PE ratio of -3,211.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. BILL Holdings, Inc. has a 1 year low of $31.52 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.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts expect that BILL Holdings, Inc. will post 0.95 EPS 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.