BILL Holdings, Inc. (NYSE:BILL) Short Interest Up 18.7% in March

BILL Holdings, Inc. (NYSE:BILL) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 12,902,518 shares, an increase of 18.7% from the March 15th total of 10,871,767 shares. Based on an average daily volume of 2,218,764 shares, the short-interest ratio is presently 5.8 days. Currently, 15.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of BILL in a research note on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 target price on shares of BILL in a research note on Friday, February 6th. Citigroup cut their target price on BILL from $71.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Canaccord Genuity Group increased their target price on BILL from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Truist Financial set a $59.00 target price on BILL in a research note on Tuesday, February 10th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.59.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in BILL by 50.3% in the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after purchasing an additional 2,678 shares during the period. Prudential Financial Inc. raised its holdings in BILL by 19.6% in the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after purchasing an additional 1,637 shares during the period. California Public Employees Retirement System raised its holdings in BILL by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock worth $7,748,000 after purchasing an additional 3,602 shares during the period. AXA S.A. raised its holdings in BILL by 121.7% in the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock worth $2,699,000 after purchasing an additional 32,024 shares during the period. Finally, Bayesian Capital Management LP bought a new position in BILL in the 2nd quarter worth $1,624,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

BILL stock opened at $38.84 on Friday. The company has a market cap of $3.84 billion, a P/E ratio of -161.85, a price-to-earnings-growth ratio of 4.49 and a beta of 1.32. BILL has a 1 year low of $34.44 and a 1 year high of $57.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.65. The stock’s fifty day moving average price is $41.54 and its 200-day moving average price is $47.27.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $414.67 million for the quarter, compared to the consensus estimate of $399.71 million. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. On average, equities analysts forecast that BILL will post 0.12 earnings per share for the current 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.