Greenland Capital Management LP Takes Position in BILL Holdings, Inc. $BILL

Greenland Capital Management LP bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 16,814 shares of the company’s stock, valued at approximately $608,000.

Several other large investors have also made changes to their positions in BILL. Pier Capital LLC purchased a new position in BILL during the fourth quarter valued at $5,064,000. Pacer Advisors Inc. increased its stake in shares of BILL by 1,775.9% during the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after purchasing an additional 320,062 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of BILL by 743.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock worth $10,113,000 after purchasing an additional 232,731 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in shares of BILL during the fourth quarter worth about $15,778,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of BILL during the 4th quarter worth about $3,874,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of NYSE BILL opened at $47.69 on Friday. The firm has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $40.63. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -366.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The company has a quick ratio of 1.66, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm 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. On average, equities analysts predict that BILL Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BILL. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets boosted their price objective on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating on shares of BILL in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of BILL in a report on Monday, August 17th. Finally, TD Cowen assumed coverage on BILL in a research report on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BILL currently has a consensus rating of “Hold” and an average price target of $57.55.

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.