Senator Investment Group LP Makes New Investment in BILL Holdings, Inc. $BILL

Senator Investment Group LP acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 693,379 shares of the company’s stock, valued at approximately $37,817,000. BILL makes up approximately 1.5% of Senator Investment Group LP’s portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also recently bought and sold shares of BILL. Senvest Management LLC raised its stake in BILL by 155.8% during the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after acquiring an additional 1,567,186 shares in the last quarter. Marshall Wace LLP raised its stake in BILL by 190.8% during the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after acquiring an additional 1,421,785 shares in the last quarter. Norges Bank acquired a new position in BILL during the fourth quarter worth $54,275,000. National Bank of Canada FI acquired a new position in BILL during the third quarter worth $42,376,000. Finally, Assenagon Asset Management S.A. raised its stake in BILL by 1,237.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 643,045 shares of the company’s stock worth $35,072,000 after acquiring an additional 594,974 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Price Performance

BILL stock opened at $33.48 on Tuesday. The business’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $43.76. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -3,344.66, a P/E/G ratio of 1.16 and a beta of 1.20. BILL Holdings, Inc. has a 12-month low of $31.52 and a 12-month high of $57.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. The business had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $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, research analysts anticipate that BILL Holdings, Inc. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BILL. BMO Capital Markets increased their target price on BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Oppenheimer set a $55.00 target price on BILL and gave the stock an “outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group increased their target price on BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Truist Financial cut BILL from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $35.00 in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.80.

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. It also offers onboarding implementation support, and ongoing support and training services.