BILL Holdings, Inc. $BILL Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 57.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,690 shares of the company’s stock after buying an additional 30,158 shares during the period. Assenagon Asset Management S.A. owned approximately 0.08% of BILL worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in BILL. Xponance Inc. raised its position in BILL by 1.6% in the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after purchasing an additional 222 shares during the period. Quarry LP lifted its position in BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 354 shares during the last quarter. Brooklyn Investment Group boosted its stake in BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after buying an additional 377 shares during the period. Fifth Third Bancorp raised its stake in shares of BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. Finally, Shepherd Financial Partners LLC lifted its holdings in shares of BILL by 2.7% in the 1st quarter. Shepherd Financial Partners LLC now owns 17,367 shares of the company’s stock worth $797,000 after acquiring an additional 450 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BILL shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $75.00 target price on shares of BILL in a report on Thursday, August 28th. Keefe, Bruyette & Woods decreased their target price on BILL from $54.00 to $46.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of BILL in a research report on Thursday, August 28th. Piper Sandler cut shares of BILL from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $50.00 in a research report on Thursday, August 28th. Finally, Mizuho dropped their price objective on shares of BILL from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average price target of $59.15.

BILL Stock Down 2.2%

Shares of BILL stock opened at $52.30 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The company has a market capitalization of $5.32 billion, a P/E ratio of -326.86, a P/E/G ratio of 15.16 and a beta of 1.37. The company has a 50 day moving average of $45.82 and a 200 day moving average of $45.21.

BILL (NYSE:BILL) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. The business had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. As a group, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL declared that its Board of Directors has initiated a share 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 typically a sign that the company’s leadership believes its stock is undervalued.

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.