Norges Bank Acquires Shares of 995,150 BILL Holdings, Inc. $BILL

Norges Bank bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 995,150 shares of the company’s stock, valued at approximately $54,275,000. Norges Bank owned about 0.99% of BILL at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in shares of BILL during the 4th quarter worth $70,000. Jupiter Asset Management Ltd. bought a new stake in BILL in the 4th quarter valued at about $3,874,000. New Age Alpha Advisors LLC purchased a new stake in BILL during the fourth quarter valued at about $373,000. Hantz Financial Services Inc. lifted its holdings in BILL by 142.2% during the fourth quarter. Hantz Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $166,000 after purchasing an additional 1,785 shares during the last quarter. Finally, North Star Asset Management Inc. boosted its position in BILL by 11.3% during the fourth quarter. North Star Asset Management Inc. now owns 8,490 shares of the company’s stock worth $463,000 after purchasing an additional 860 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Trending Headlines about BILL

Here are the key news stories impacting BILL this week:

• Neutral Sentiment: Several headlines focus on government policy and spending bills, including immigration, border funding, Ukraine aid, and food assistance. These are not direct catalysts for BILL Holdings, but they can influence market sentiment around fintech and small-cap growth stocks if investors are becoming more risk-averse.
• Neutral Sentiment: A New York bill banning prices based on personal data and Illinois regulation around high-speed e-bikes highlight a more active regulatory environment, but they do not appear to have a direct impact on BILL‘s business model.
• Neutral Sentiment: Consumer-finance articles about avoiding hospital bill mistakes and IRA tax planning are informational only and do not provide a company-specific catalyst for BILL Holdings.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Robert W. Baird upped their price target on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday. BMO Capital Markets boosted their target price on shares of BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and an average target price of $56.30.

BILL Stock Performance

BILL stock opened at $35.98 on Monday. The firm’s 50 day simple moving average is $37.86 and its 200 day simple moving average is $44.40. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.58 billion, a PE ratio of -3,593.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. BILL Holdings, Inc. has a 1-year low of $34.35 and a 1-year high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, beating 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 firm had revenue of $406.56 million during the quarter, compared to the consensus estimate of $403.76 million. During the same period last year, the firm earned $0.50 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, analysts expect that BILL Holdings, Inc. will post 0.88 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.