BILL Holdings, Inc. $BILL Stake Boosted by Parnassus Investments LLC

Parnassus Investments LLC grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 61.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,463,791 shares of the company’s stock after acquiring an additional 558,206 shares during the period. Parnassus Investments LLC owned 1.48% of BILL worth $79,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after purchasing an additional 486 shares in the last quarter. CWM LLC boosted its holdings in BILL by 1,000.0% in the fourth quarter. CWM LLC now owns 803 shares of the company’s stock worth $44,000 after purchasing an additional 730 shares in the last quarter. GAMMA Investing LLC boosted its holdings in BILL by 27.2% in the fourth quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock worth $68,000 after purchasing an additional 266 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in BILL by 189.2% in the third quarter. Hantz Financial Services Inc. now owns 1,255 shares of the company’s stock worth $66,000 after purchasing an additional 821 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in BILL by 46.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BILL shares. Oppenheimer set a $55.00 price objective on shares of BILL and gave the stock an “outperform” rating in a report on Friday, May 8th. Robert W. Baird upped their price objective on shares of BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets upped their price objective on shares of BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Truist Financial cut shares of BILL from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $35.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

BILL Stock Down 0.9%

BILL stock opened at $32.09 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -3,205.79, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a fifty-two week low of $31.52 and a fifty-two week high of $57.21. The firm has a fifty day moving average price of $37.52 and a two-hundred day moving average price of $43.99.

BILL (NYSE:BILL) last released its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The firm had revenue of $406.56 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business 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, analysts forecast that BILL Holdings, Inc. will post 0.95 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.