Quantinno Capital Management LP Purchases 249,191 Shares of BILL Holdings, Inc. $BILL

Quantinno Capital Management LP lifted its stake in BILL Holdings, Inc. (NYSE:BILL) by 231.1% in the 1st quarter, HoldingsChannel reports. The firm owned 357,007 shares of the company’s stock after acquiring an additional 249,191 shares during the period. Quantinno Capital Management LP’s holdings in BILL were worth $13,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ER Collective Holdings LLC bought a new position in shares of BILL in the fourth quarter worth approximately $464,588,000. Contour Asset Management LLC increased its holdings in shares of 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. Dimensional Fund Advisors LP grew its holdings in BILL by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock valued at $118,366,000 after buying an additional 126,427 shares in the last quarter. Marshall Wace LLP boosted its position in shares of BILL by 36.5% during the 4th quarter. Marshall Wace LLP now owns 2,958,096 shares of the company’s stock valued at $161,335,000 after acquiring an additional 791,197 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in shares of BILL by 155.8% in the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after buying an additional 1,567,186 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Performance

Shares of BILL opened at $47.16 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day moving average of $38.59 and a two-hundred day moving average of $40.39. The stock has a market cap of $4.70 billion, a P/E ratio of -4,711.79, a P/E/G ratio of 1.01 and a beta of 1.13. BILL Holdings, Inc. has a one year low of $31.41 and a one year high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. BILL had a return on equity of 2.40% and a net margin of 0.01%.The business had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. 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, research analysts predict that BILL Holdings, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial boosted their target price on BILL from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, July 24th. TD Cowen initiated coverage on shares of BILL in a research report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price on the stock. Oppenheimer set a $55.00 price objective on BILL and gave the company an “outperform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price target on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Finally, Zacks Research downgraded BILL from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.95.

About BILL

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.