Hsbc Holdings PLC Takes Position in BILL Holdings, Inc. $BILL

Hsbc Holdings PLC purchased a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 198,383 shares of the company’s stock, valued at approximately $10,892,000. Hsbc Holdings PLC owned 0.20% of BILL as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ER Collective Holdings LLC purchased a new position in BILL during the 4th quarter valued at $464,588,000. Senvest Management LLC lifted 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 purchasing an additional 1,567,186 shares during the period. Contour Asset Management LLC lifted its position in shares of 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 purchasing an additional 1,472,132 shares during the period. Marshall Wace LLP boosted 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 valued at $114,781,000 after purchasing an additional 1,421,785 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of BILL during the 4th quarter valued at about $54,275,000. Institutional investors own 97.99% of the company’s stock.

More BILL News

Here are the key news stories impacting BILL this week:

• Positive Sentiment: BILL named Jonathan Leaf as Chief Revenue Officer, a move aimed at accelerating growth and improving customer experience by consolidating revenue-related functions under one executive. BILL Names Jonathan Leaf as Chief Revenue Officer to Accelerate Growth and Elevate Customer Experience
• Neutral Sentiment: Broad national headlines about a bipartisan housing bill are not directly tied to BILL Holdings’ business, so they are unlikely to be a meaningful stock driver for the company. Congress passes the largest housing affordability bill in decades

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer set a $55.00 price target on shares of BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. BMO Capital Markets increased their target price on BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Truist Financial cut BILL from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $35.00 in a research note on Wednesday, June 10th. Morgan Stanley set a $55.00 price target on BILL in a research report on Friday, May 8th. Finally, The Goldman Sachs Group upped their price target on BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.19.

BILL Stock Performance

BILL stock opened at $33.32 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.32 billion, a P/E ratio of -3,328.97, a PEG ratio of 1.17 and a beta of 1.20. The stock’s 50 day moving average is $36.58 and its 200 day moving average is $42.73. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. BILL had a return on equity of 2.40% and a net margin of 0.01%.The company had revenue of $406.56 million during the quarter, compared to analyst estimates of $403.76 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

BILL Profile

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.