Assenagon Asset Management S.A. Sells 350,119 Shares of BILL Holdings, Inc. $BILL

Assenagon Asset Management S.A. trimmed its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 54.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,926 shares of the company’s stock after selling 350,119 shares during the period. Assenagon Asset Management S.A. owned about 0.30% of BILL worth $11,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ER Collective Holdings LLC bought a new position in BILL in the fourth quarter worth about $464,588,000. Senvest Management LLC grew its position in shares of 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 raised its stake in shares of BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after acquiring an additional 1,472,132 shares in the last quarter. Marshall Wace LLP raised its stake in shares of BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after acquiring an additional 1,421,785 shares in the last quarter. Finally, Norges Bank bought a new position in shares of BILL during the 4th quarter worth approximately $54,275,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Up 6.4%

Shares of NYSE BILL opened at $35.50 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -3,546.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. The company’s 50-day simple moving average is $36.51 and its 200-day simple moving average is $42.68. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. BILL had a net margin of 0.01% and a return on equity of 2.40%. The company had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’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 predict that BILL Holdings, Inc. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley set a $55.00 target price on shares of BILL in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. TD Cowen started coverage on shares of BILL in a report on Monday, June 22nd. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.19.

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.