Connor Clark & Lunn Investment Management Ltd. Increases Position in BILL Holdings, Inc. $BILL

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 137.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 652,892 shares of the company’s stock after acquiring an additional 378,010 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.63% of BILL worth $30,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of BILL by 85.9% in the 1st quarter. Quarry LP now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 354 shares during the period. Brooklyn Investment Group raised its position in BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after acquiring an additional 377 shares in the last quarter. UMB Bank n.a. lifted its holdings in BILL by 283.3% in the second quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock valued at $56,000 after acquiring an additional 898 shares during the period. Blue Trust Inc. boosted its position in shares of BILL by 102.7% during the 2nd quarter. Blue Trust Inc. now owns 1,261 shares of the company’s stock worth $58,000 after purchasing an additional 639 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of BILL during the 1st quarter worth $62,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

NYSE:BILL opened at $45.55 on Monday. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The firm’s 50 day moving average is $50.77 and its two-hundred day moving average is $46.75. The company has a market cap of $4.57 billion, a P/E ratio of -168.70, a P/E/G ratio of 11.97 and a beta of 1.43. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.47.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. BILL had a return on equity of 1.39% and a net margin of 0.79%.The business had revenue of $395.74 million during the quarter, compared to the consensus estimate of $390.91 million. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. Analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its board has authorized a stock repurchase plan on Wednesday, August 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

BILL has been the topic of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of BILL from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. The Goldman Sachs Group boosted their price target on BILL from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft started coverage on BILL in a research note on Thursday, July 17th. They issued a “hold” rating and a $49.00 price objective for the company. William Blair reaffirmed a “market perform” rating on shares of BILL in a report on Friday. Finally, Citigroup raised BILL to a “strong-buy” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.90.

BILL Company 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.