Readystate Asset Management LP Reduces Holdings in BILL Holdings, Inc. $BILL

Readystate Asset Management LP reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 92.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,115 shares of the company’s stock after selling 288,212 shares during the quarter. Readystate Asset Management LP’s holdings in BILL were worth $962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of BILL by 1,331.3% during the first quarter. Empowered Funds LLC now owns 115,145 shares of the company’s stock worth $4,410,000 after buying an additional 107,100 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of BILL by 231.1% in the first quarter. Quantinno Capital Management LP now owns 357,007 shares of the company’s stock worth $13,673,000 after buying an additional 249,191 shares in the last quarter. Ardmore Road Asset Management LP lifted its stake in shares of BILL by 245.3% in the first quarter. Ardmore Road Asset Management LP now owns 109,100 shares of the company’s stock worth $4,179,000 after buying an additional 77,507 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in BILL by 743.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock worth $10,113,000 after acquiring an additional 232,731 shares during the last quarter. Finally, State of Wyoming acquired a new position in BILL during the first quarter worth about $32,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BILL. TD Cowen initiated coverage on shares of BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price on the stock. Robert W. Baird increased their price target on BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen cut BILL from a “buy” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lowered their price objective on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Finally, Oppenheimer set a $55.00 target price on BILL and gave the company an “outperform” rating in a report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BILL currently has a consensus rating of “Hold” and an average price target of $55.95.

BILL Stock Up 2.3%

BILL stock opened at $47.44 on Thursday. BILL Holdings, Inc. has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. 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 firm has a 50 day moving average price of $38.00 and a 200 day moving average price of $40.54. The company has a market capitalization of $4.73 billion, a PE ratio of -4,739.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping 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 company had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. 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 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.