Arrowstreet Capital Limited Partnership Has $28.91 Million Stock Position in BILL Holdings, Inc. $BILL

Arrowstreet Capital Limited Partnership lessened its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 624,931 shares of the company’s stock after selling 163,301 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.61% of BILL worth $28,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP lifted its position in shares of BILL by 85.9% during the 1st quarter. Quarry LP now owns 766 shares of the company’s stock worth $35,000 after buying an additional 354 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after purchasing an additional 377 shares during the last quarter. UMB Bank n.a. raised its position in shares of BILL by 283.3% during the second quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock worth $56,000 after acquiring an additional 898 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of BILL by 102.7% in the 2nd quarter. Blue Trust Inc. now owns 1,261 shares of the company’s stock valued at $58,000 after purchasing an additional 639 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of BILL in the 1st quarter worth about $62,000. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BILL. Evercore ISI decreased their price target on shares of BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $75.00 price objective on shares of BILL in a research note on Thursday, August 28th. The Goldman Sachs Group raised their price objective on shares of BILL from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Susquehanna cut their price objective on shares of BILL from $89.00 to $84.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and a consensus target price of $58.86.

BILL Stock Performance

NYSE:BILL opened at $53.46 on Friday. The business has a 50 day moving average price of $50.25 and a 200-day moving average price of $47.25. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The firm has a market cap of $5.35 billion, a PE ratio of -198.00, a price-to-earnings-growth ratio of 7.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.67 and a current ratio of 1.67.

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

BILL announced that its board has authorized a share buyback program on Wednesday, August 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,104 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $51.23, for a total transaction of $56,557.92. Following the transaction, the senior vice president owned 10,812 shares in the company, valued at approximately $553,898.76. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.20% of the company’s stock.

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.