Empowered Funds LLC Buys New Stake in BILL Holdings, Inc. $BILL

Empowered Funds LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 68,565 shares of the company’s stock, valued at approximately $2,479,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ER Collective Holdings LLC acquired a new position in BILL in the fourth quarter valued at $464,588,000. Senvest Management LLC grew its holdings in shares of 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 purchasing an additional 1,567,186 shares during the last quarter. Contour Asset Management LLC increased its position in shares of 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 purchasing an additional 1,472,132 shares in the last quarter. Marshall Wace LLP increased its position 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 purchasing an additional 1,421,785 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of BILL during the fourth quarter worth about $54,275,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BILL

In other news, 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 completion of the transaction, the insider directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. This represents a 91.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. Insiders own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BILL shares. Robert W. Baird upped their target price on BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut 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. Truist Financial boosted their price objective on BILL from $44.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. Weiss Ratings downgraded BILL from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Finally, TD Cowen assumed coverage on shares of BILL in a research report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

BILL Stock Performance

NYSE:BILL opened at $48.78 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -375.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The firm’s fifty day moving average price is $44.85 and its 200 day moving average price is $40.87. BILL Holdings, Inc. has a 1-year low of $31.41 and a 1-year high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 negative net margin of 0.68% and a positive return on equity of 3.74%. The company had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. During the same quarter in the prior year, the firm earned $0.53 EPS. BILL’s quarterly 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. On average, sell-side analysts expect that BILL Holdings, Inc. will post 2.22 EPS for the current year.

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.