Cibc World Market Inc. purchased a new stake in BILL Holdings, Inc. (NYSE:BILL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 202,639 shares of the company’s stock, valued at approximately $7,327,000.
Several other large investors have also modified their holdings of the business. UMB Bank n.a. increased its stake in shares of BILL by 21.8% during the 4th quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock worth $73,000 after purchasing an additional 239 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in BILL by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company’s stock valued at $693,000 after buying an additional 300 shares during the last quarter. Thrivent Financial for Lutherans increased its position in BILL by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock worth $1,165,000 after buying an additional 327 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of BILL by 46.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after acquiring an additional 401 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after acquiring an additional 430 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BILL has been the topic of several recent research reports. Wolfe Research upped their price objective on BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday. BTIG Research reissued a “buy” rating and issued a $60.00 target price on shares of BILL in a research note on Thursday, August 20th. The Goldman Sachs Group boosted their target price on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BILL presently has an average rating of “Hold” and a consensus target price of $57.05.
BILL Trading Down 1.0%
NYSE BILL opened at $47.67 on Wednesday. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21. The company has a 50-day moving average of $42.89 and a 200-day moving average of $40.78. 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 company has a market cap of $4.07 billion, a P/E ratio of -366.72, a P/E/G ratio of 1.03 and a beta of 1.13.
BILL (NYSE:BILL – Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $436.19 million for the quarter, compared to analysts’ expectations of $430.55 million. During the same period last year, the company earned $0.53 earnings per share. The company’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. As a group, equities analysts predict that BILL Holdings, Inc. will post 1.56 earnings per share 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.
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