Greenland Capital Management LP Makes New Investment in BILL Holdings, Inc. $BILL

Greenland Capital Management LP purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,814 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of BILL in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of BILL by 972.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after purchasing an additional 486 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings 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 during the last quarter. Versant Capital Management Inc lifted its position in BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares during the period. Finally, CWM LLC lifted its position in BILL by 1,000.0% during the fourth quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after purchasing an additional 730 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Stock Performance

BILL opened at $47.69 on Friday. The firm has a fifty day moving average price of $42.32 and a 200 day moving average price of $40.63. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21. The stock has a market cap of $4.75 billion, a P/E ratio of -366.85, a P/E/G ratio of 1.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.66.

BILL (NYSE:BILL) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate 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 company had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. During the same quarter last year, the business earned $0.53 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. 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 research analysts anticipate that BILL Holdings, Inc. will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on BILL shares. Morgan Stanley upped their price target on shares of BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research lowered BILL from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. decreased their price objective on BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Truist Financial upped their target price on BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Finally, TD Cowen began coverage on BILL in a report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price on the stock. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.55.

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.