Totem Point Management LLC Acquires 83,875 Shares of BILL Holdings, Inc. $BILL

Totem Point Management LLC increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 117.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,100 shares of the company’s stock after acquiring an additional 83,875 shares during the quarter. BILL comprises 8.4% of Totem Point Management LLC’s investment portfolio, making the stock its 8th biggest position. Totem Point Management LLC owned about 0.16% of BILL worth $8,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BILL. Senvest Management LLC boosted its position in BILL by 155.8% during the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after acquiring an additional 1,567,186 shares during the last quarter. Marshall Wace LLP raised its stake in BILL by 190.8% during the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after purchasing an additional 1,421,785 shares during the period. Norges Bank purchased a new position in BILL during the fourth quarter worth about $54,275,000. National Bank of Canada FI purchased a new position in BILL during the third quarter worth about $42,376,000. Finally, Senator Investment Group LP purchased a new position in BILL during the fourth quarter worth about $37,817,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Morgan Stanley set a $55.00 target price on shares of BILL in a research note on Friday, May 8th. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets lifted their target price on shares of BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.80.

BILL Price Performance

BILL stock opened at $33.72 on Wednesday. The company’s 50 day simple moving average is $37.21 and its 200-day simple moving average is $43.65. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -3,368.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. BILL Holdings, Inc. has a 1 year low of $31.52 and a 1 year high of $57.21. 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 results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $406.56 million for the quarter, compared to the consensus estimate of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, equities research analysts expect that BILL Holdings, Inc. will post 0.95 earnings per share for the current year.

BILL Company 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.