Engle Capital Management L.P. Sells 152,500 Shares of BILL Holdings, Inc. $BILL

Engle Capital Management L.P. lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 66.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,000 shares of the company’s stock after selling 152,500 shares during the period. BILL makes up about 1.6% of Engle Capital Management L.P.’s portfolio, making the stock its 20th largest holding. Engle Capital Management L.P.’s holdings in BILL were worth $4,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BILL. Vanguard Group Inc. raised its stake in BILL by 3.5% in the third quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company’s stock valued at $574,386,000 after purchasing an additional 371,265 shares in the last quarter. WINTON GROUP Ltd acquired a new position in BILL in the third quarter valued at about $7,298,000. Barington Companies Management LLC acquired a new position in BILL in the third quarter valued at about $3,443,000. Assenagon Asset Management S.A. raised its stake in BILL by 1,237.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 643,045 shares of the company’s stock valued at $35,072,000 after purchasing an additional 594,974 shares in the last quarter. Finally, Pier Capital LLC acquired a new position in BILL in the fourth quarter valued at about $5,064,000. Institutional investors own 97.99% of the company’s stock.

BILL Trading Down 4.6%

Shares of BILL opened at $32.14 on Thursday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -3,211.09, a PEG ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The business’s fifty day moving average is $37.08 and its 200-day moving average is $43.53. BILL Holdings, Inc. has a 52-week low of $31.52 and a 52-week high of $57.21.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Equities analysts anticipate that BILL Holdings, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BILL shares. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price objective on shares of BILL from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Morgan Stanley set a $55.00 price objective on shares of BILL in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.80.

Trending Headlines about BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: No direct positive company-specific developments were reported in the latest articles.
• Neutral Sentiment: One article discussed a Zacks screen highlighting computer and technology stocks with potential earnings upside, but BILL was not named specifically and the piece does not appear to be a direct driver of the stock.
• Negative Sentiment: The broader mix of headlines is centered on legislation, housing, and sports-related bills, which do not materially affect BILL’s payment software business and may reflect a lack of fresh company-specific buying interest.

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.