Palogic Value Management L.P. Buys Shares of 30,023 BILL Holdings, Inc. $BILL

Palogic Value Management L.P. bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, Holdings Channel.com reports. The firm bought 30,023 shares of the company’s stock, valued at approximately $1,086,000.

A number of other institutional investors have also added to or reduced their stakes in the company. ER Collective Holdings LLC purchased a new position in shares of BILL in the 4th quarter worth about $464,588,000. Senvest Management LLC lifted its position in BILL by 155.8% in the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after buying an additional 1,567,186 shares during the last quarter. Contour Asset Management LLC lifted its position in BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after buying an additional 1,472,132 shares during the last quarter. Marshall Wace LLP boosted its stake in BILL by 190.8% in the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after buying an additional 1,421,785 shares in the last quarter. Finally, Norges Bank purchased a new stake in BILL in the fourth quarter worth approximately $54,275,000. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 0.9%

Shares of NYSE BILL opened at $48.15 on Thursday. The firm’s fifty day moving average is $43.21 and its 200 day moving average is $40.87. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -370.38, a PEG ratio of 1.02 and a beta of 1.13.

BILL (NYSE:BILL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. The business had revenue of $436.19 million during the quarter, compared to analysts’ expectations of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, equities research analysts expect that BILL Holdings, Inc. will post 1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

BILL has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Jefferies Financial Group upped their price target on shares of BILL from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. UBS Group raised their price objective on BILL from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Robert W. Baird lifted their price objective on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Wolfe Research boosted their target price on BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. Twelve investment 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, the stock has a consensus rating of “Hold” and a consensus target price of $57.05.

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. It also offers onboarding implementation support, and ongoing support and training services.