Cibc World Market Inc. Takes $7.33 Million Position in BILL Holdings, Inc. $BILL

Key Points

• Cibc World Market Inc. acquired 202,639 BILL shares worth approximately $7.33 million, while institutional investors and hedge funds collectively own 97.99% of the company.
• BILL reported quarterly revenue of $436.19 million and adjusted EPS of $0.84, exceeding analyst estimates; revenue increased 13.8% year over year.
• Analyst sentiment is mixed but generally positive, with recent price-target increases to as high as $60; the consensus rating remains Hold, with an average target of $57.05.

Cibc World Market Inc. purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 202,639 shares of the company's stock, valued at approximately $7,327,000. Cibc World Market Inc. owned about 0.20% of BILL at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in BILL in the 2nd quarter valued at $622,000. Greenland Capital Management LP purchased a new position in BILL during the 2nd quarter worth $608,000. Evolve Private Wealth LLC acquired a new stake in shares of BILL in the 2nd quarter worth $222,000. Ieq Capital LLC acquired a new stake in shares of BILL in the 2nd quarter worth $469,000. Finally, Tejara Capital Ltd purchased a new stake in shares of BILL in the second quarter valued at about $7,934,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Down 1.0%

BILL stock opened at $47.67 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $42.89 and its 200 day moving average price is $40.78. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a market cap of $4.07 billion, a P/E ratio of -366.72, a P/E/G ratio of 1.03 and a beta of 1.13.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The company had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. During the same period last year, the firm earned $0.53 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, research analysts expect that BILL Holdings, Inc. will post 1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of a number of recent analyst reports. Wolfe Research raised their price objective on shares of BILL from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday. TD Cowen began coverage on BILL in a research report on Monday, June 22nd. They set a "buy" rating and a $43.00 target price on the stock. The Goldman Sachs Group increased their target price on BILL from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. UBS Group raised their price target on BILL from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Finally, Robert W. Baird lifted their price target on BILL from $50.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.05.

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.

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