Formula Growth Ltd. Buys Shares of 75,000 BILL Holdings, Inc. $BILL

Formula Growth Ltd. purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $2,712,000. Formula Growth Ltd. owned about 0.08% of BILL at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in BILL in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after acquiring an additional 452 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of BILL by 1,000.0% during the fourth quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after acquiring an additional 730 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BILL has been the subject of several analyst reports. Robert W. Baird boosted 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. TD Cowen began coverage on BILL in a research note on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Wolfe Research lifted their price target on BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Oppenheimer set a $55.00 price objective on shares of BILL and gave the company an “outperform” rating in a research note on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average price target of $58.22.

BILL Price Performance

Shares of BILL stock opened at $48.88 on Friday. The company has a market capitalization of $4.17 billion, a PE ratio of -375.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. The firm has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $40.87. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities research analysts anticipate that BILL Holdings, Inc. will post 2.17 earnings per share for the current fiscal 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.