Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in BILL Holdings, Inc. $BILL

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 137.5% in the second quarter, Holdings Channel reports. The firm owned 652,892 shares of the company’s stock after acquiring an additional 378,010 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in BILL were worth $30,203,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BILL. Quarry LP lifted its stake in shares of BILL by 85.9% during the first quarter. Quarry LP now owns 766 shares of the company’s stock worth $35,000 after purchasing an additional 354 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of BILL by 73.6% during the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock valued at $41,000 after buying an additional 377 shares during the period. UMB Bank n.a. lifted its position in BILL by 283.3% during the 2nd quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock worth $56,000 after acquiring an additional 898 shares in the last quarter. Blue Trust Inc. lifted its position in BILL by 102.7% during the 2nd quarter. Blue Trust Inc. now owns 1,261 shares of the company’s stock worth $58,000 after acquiring an additional 639 shares in the last quarter. Finally, State of Wyoming purchased a new position in BILL in the 1st quarter worth approximately $62,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Price Performance

Shares of BILL opened at $45.55 on Monday. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -168.70, a PEG ratio of 11.97 and a beta of 1.43. The stock has a 50 day moving average of $50.77 and a 200-day moving average of $46.75.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. BILL had a return on equity of 1.39% and a net margin of 0.79%.The business had revenue of $395.74 million for the quarter, compared to analyst estimates of $390.91 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. As a group, analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its board has approved a stock buyback plan on Wednesday, August 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on BILL. BMO Capital Markets dropped their price objective on shares of BILL from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of BILL from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Robert W. Baird decreased their price objective on shares of BILL from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. William Blair restated a “market perform” rating on shares of BILL in a research note on Friday. Finally, Truist Financial dropped their target price on BILL from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.90.

About BILL

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.