Quantitative Investment Management LLC Invests $595,000 in BILL Holdings, Inc. $BILL

Quantitative Investment Management LLC purchased a new position in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 16,472 shares of the company’s stock, valued at approximately $595,000.

Several other hedge funds have also added to or reduced their stakes in BILL. UMB Bank n.a. grew its stake in shares of BILL by 21.8% in the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock worth $73,000 after acquiring an additional 239 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in BILL by 1.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company’s stock worth $693,000 after purchasing an additional 300 shares in the last quarter. Thrivent Financial for Lutherans grew its position in BILL by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock valued at $1,165,000 after purchasing an additional 327 shares during the last quarter. SBI Securities Co. Ltd. grew its position in BILL by 46.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock valued at $69,000 after purchasing an additional 401 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BILL. JPMorgan Chase & Co. decreased their target price on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Needham & Company LLC reissued a “buy” rating on shares of BILL in a research report on Thursday, August 20th. BTIG Research restated a “buy” rating and issued a $60.00 price objective on shares of BILL in a report on Thursday, August 20th. BMO Capital Markets upped their price objective on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group increased their target price on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

Insider Activity

In other news, insider Michael Cieri sold 10,754 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider directly owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 13.20% of the stock is currently owned by company insiders.

BILL Stock Down 3.4%

BILL opened at $47.57 on Wednesday. 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 firm has a 50 day moving average price of $44.54 and a 200-day moving average price of $40.86. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -365.92, a PEG ratio of 0.76 and a beta of 1.09.

BILL (NYSE:BILL) last issued 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. The company had revenue of $436.19 million for 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 quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities research analysts forecast that BILL Holdings, Inc. will post 2.17 earnings per share for the current year.

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.