BILL Holdings, Inc. $BILL Shares Acquired by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 245.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 109,100 shares of the company’s stock after purchasing an additional 77,507 shares during the quarter. Ardmore Road Asset Management LP’s holdings in BILL were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Pier Capital LLC bought a new stake in BILL during the 4th quarter valued at $5,064,000. Iridian Asset Management LLC CT grew its stake in shares of BILL by 23.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 187,404 shares of the company’s stock worth $10,221,000 after purchasing an additional 35,850 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of BILL by 898.7% during the fourth quarter. SG Americas Securities LLC now owns 202,621 shares of the company’s stock valued at $11,051,000 after purchasing an additional 182,332 shares during the period. NewEdge Wealth LLC acquired a new position in shares of BILL during the fourth quarter valued at $15,778,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of BILL during the fourth quarter valued at about $3,874,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on BILL. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Zacks Research cut shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. TD Cowen began coverage on shares of BILL in a research report on Monday, June 22nd. They set a “buy” rating and a $43.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Finally, Truist Financial upped their price target on shares of BILL from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.95.

BILL Price Performance

NYSE BILL opened at $43.53 on Monday. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21. The business’s fifty day moving average is $37.52 and its two-hundred day moving average is $40.74. The stock has a market capitalization of $4.34 billion, a P/E ratio of -4,348.35, a P/E/G ratio of 0.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66.

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