Hsbc Holdings PLC Makes New Investment in BILL Holdings, Inc. $BILL

Hsbc Holdings PLC acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 303,130 shares of the company’s stock, valued at approximately $10,940,000. Hsbc Holdings PLC owned about 0.30% of BILL at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. ER Collective Holdings LLC bought a new stake in shares of BILL during the 4th quarter worth about $464,588,000. Senvest Management LLC lifted its position 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 during the last quarter. Contour Asset Management LLC lifted its position in BILL by 45.5% during the fourth quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after acquiring an additional 1,472,132 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of 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 during the period. Finally, Norges Bank acquired a new position in shares of BILL in the fourth quarter valued at approximately $54,275,000. 97.99% of the stock is owned by institutional investors.

BILL Stock Performance

NYSE:BILL opened at $47.95 on Thursday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -368.85, a PEG ratio of 0.71 and a beta of 1.10. 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 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a fifty day moving average price of $46.15 and a 200-day moving average price of $40.97.

BILL (NYSE:BILL) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company had revenue of $436.19 million for the quarter, compared to analysts’ expectations of $430.55 million. During the same quarter last year, the business earned $0.53 earnings per share. BILL’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. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rene A. Lacerte sold 141,256 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the sale, the chief executive officer owned 100,899 shares in the company, valued at approximately $4,885,529.58. This trade represents a 58.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Cieri sold 10,754 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the sale, the insider owned 997 shares in the company, valued at $48,982.61. This represents a 91.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 267,997 shares of company stock worth $13,057,984. Insiders own 13.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BILL shares. TD Cowen assumed coverage on BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 price target for the company. Wolfe Research boosted their target price on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. decreased their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Weiss Ratings lowered shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. Finally, BTIG Research reiterated a “buy” rating and issued a $60.00 price objective on shares of BILL in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

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.