Invenomic Capital Management LP Buys 68,990 Shares of BILL Holdings, Inc. $BILL

Invenomic Capital Management LP lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 708,912 shares of the company’s stock after acquiring an additional 68,990 shares during the period. BILL makes up 1.8% of Invenomic Capital Management LP’s investment portfolio, making the stock its 12th biggest position. Invenomic Capital Management LP’s holdings in BILL were worth $38,664,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Gotham Asset Management LLC lifted its holdings in shares of BILL by 102.4% during the 4th quarter. Gotham Asset Management LLC now owns 256,049 shares of the company’s stock worth $13,965,000 after acquiring an additional 129,548 shares during the last quarter. Governors Lane LP bought a new stake in shares of BILL during the 4th quarter worth $831,000. ER Collective Holdings LLC bought a new stake in shares of BILL during the 4th quarter worth $464,588,000. Cinctive Capital Management LP lifted its stake in BILL by 37.7% in the fourth quarter. Cinctive Capital Management LP now owns 11,237 shares of the company’s stock worth $613,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Contour Asset Management LLC lifted its stake in BILL by 45.5% in the fourth quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after purchasing an additional 1,472,132 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Oppenheimer set a $55.00 price target on shares of BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley set a $55.00 price target on shares of BILL in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

BILL News Roundup

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.

BILL Stock Performance

Shares of NYSE:BILL opened at $32.14 on Thursday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -3,211.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The company has a 50-day moving average price of $37.08 and a 200-day moving average price of $43.53. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. BILL Holdings, Inc. has a 12 month low of $31.52 and a 12 month high of $57.21.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million during the quarter, compared to the consensus estimate of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, equities analysts anticipate 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.