Pacer Advisors Inc. Purchases 320,062 Shares of BILL Holdings, Inc. $BILL

Pacer Advisors Inc. raised its position in BILL Holdings, Inc. (NYSE:BILL) by 1,775.9% in the first quarter, HoldingsChannel.com reports. The fund owned 338,085 shares of the company’s stock after purchasing an additional 320,062 shares during the quarter. Pacer Advisors Inc.’s holdings in BILL were worth $12,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of BILL. ER Collective Holdings LLC acquired a new position in shares of BILL during the 4th quarter worth about $464,588,000. Senvest Management LLC raised 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 valued at $140,346,000 after purchasing an additional 1,567,186 shares during the period. Contour Asset Management LLC lifted its stake in BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after purchasing an additional 1,472,132 shares during the last quarter. Marshall Wace LLP lifted its stake in BILL by 190.8% in the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after purchasing an additional 1,421,785 shares during the last quarter. Finally, Norges Bank acquired a new stake in BILL in the 4th quarter valued at about $54,275,000. Institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. BMO Capital Markets raised their price objective on BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Wall Street Zen downgraded BILL from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Truist Financial lifted 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, Zacks Research lowered BILL from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Twelve equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.95.

BILL Stock Performance

Shares of BILL stock opened at $48.58 on Wednesday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -4,853.35, a PEG ratio of 1.06 and a beta of 1.13. 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 company has a 50-day simple moving average of $38.86 and a 200 day simple moving average of $40.38. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.95 earnings per share for the current year.

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.