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

Formula Growth Ltd. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 75,000 shares of the company’s stock, valued at approximately $2,712,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in shares of BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in 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 purchasing an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in BILL in the fourth quarter worth about $28,000. State of Wyoming bought a new stake in BILL in the first quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. increased its holdings in 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 buying an additional 452 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 1.6%

NYSE:BILL opened at $48.88 on Friday. The firm 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 stock has a 50 day moving average of $43.54 and a 200-day moving average of $40.87. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. 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 (NYSE:BILL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share 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 analysts’ expectations of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Analysts predict that BILL Holdings, Inc. will post 2.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BILL. BMO Capital Markets lifted their target price on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Robert W. Baird raised their price objective on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Jefferies Financial Group lifted their price objective on shares of BILL from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. UBS Group boosted their target price on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BILL in a report on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.22.

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.