Iridian Asset Management LLC CT Increases Stake in BILL Holdings, Inc. $BILL

Key Points

• Iridian Asset Management raised its stake in BILL by 23.7% to 187,404 shares (about $10.22M), making BILL roughly 3.8% of its portfolio and the firm's 9th largest holding amid ~98% institutional ownership.
• BILL beat Q results, reporting $0.64 EPS vs. $0.56 expected and revenue up 14.4% to $414.7M, although the company still shows a negative P/E and a consensus analyst rating of "Hold" with a $56.95 target.
• BILL rolled out enhancements to its Supplier Payments Plus product (automation, card STP and payment links), a move that could boost customer stickiness and accelerate transaction volume.

Iridian Asset Management LLC CT grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,404 shares of the company's stock after buying an additional 35,850 shares during the period. BILL accounts for approximately 3.8% of Iridian Asset Management LLC CT's portfolio, making the stock its 9th largest holding. Iridian Asset Management LLC CT owned approximately 0.19% of BILL worth $10,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of BILL by 3.5% during the third quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company's stock valued at $574,386,000 after buying an additional 371,265 shares during the period. Y Intercept Hong Kong Ltd increased its position in shares of BILL by 82.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 90,683 shares of the company's stock valued at $4,803,000 after buying an additional 41,103 shares during the period. ING Groep NV bought a new stake in shares of BILL during the third quarter valued at about $26,485,000. Oak Thistle LLC bought a new stake in shares of BILL during the third quarter valued at about $2,737,000. Finally, WINTON GROUP Ltd bought a new stake in shares of BILL during the third quarter valued at about $7,298,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Up 0.1%

Shares of NYSE BILL opened at $34.74 on Monday. BILL Holdings, Inc. has a one year low of $34.48 and a one 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 firm's 50 day simple moving average is $41.74 and its two-hundred day simple moving average is $47.78. The stock has a market capitalization of $3.44 billion, a P/E ratio of -144.73, a PEG ratio of 4.08 and a beta of 1.32.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. BILL had a negative net margin of 1.56% and a positive return on equity of 1.70%. The firm had revenue of $414.67 million for the quarter, compared to analysts' expectations of $399.71 million. During the same quarter last year, the business earned $0.56 earnings per share. The business's revenue was up 14.4% on a year-over-year basis. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. As a group, analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BILL. Canaccord Genuity Group boosted their price objective on BILL from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $60.00 to $49.00 and set a "market perform" rating on the stock in a research report on Friday, February 6th. Jefferies Financial Group reiterated a "buy" rating on shares of BILL in a research report on Friday, February 6th. Needham & Company LLC reiterated a "buy" rating and set a $75.00 price target on shares of BILL in a research report on Friday, February 6th. Finally, Citigroup reduced their price target on shares of BILL from $71.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.95.

Key Stories Impacting BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: BILL rolled out enhancements to its Supplier Payments Plus solution (automation, card STP and payment links) to speed payments to enterprise suppliers and reduce manual work — a product move that can improve customer stickiness and accelerate transaction volume. BILL Extends Supplier Payments Plus Solution to Speed Up Transactions
• Neutral Sentiment: Several unrelated legislative stories (homelessness enforcement, immigration, SNAP restrictions, state bills) circulated in the news cycle today; these do not have a direct impact on BILL’s business model. Bill would allow residents to sue over unenforced homelessness laws
• Neutral Sentiment: State-level immigration and deportation bill coverage is raising political debate but is unrelated to BILL’s payments platform. Amnesty or dignity? Immigration bill shows GOP split over mass deportations
• Neutral Sentiment: Environment and state policy bills (Duck River protection; SNAP data privacy veto) are being reported but have no direct bearing on BILL’s financials. Bill to protect Duck River heads to governor’s desk
• Neutral Sentiment: Other state bills (SNAP content limits, AI disclosure for robocalls, school phone/social media rules) appeared in the same feed but are sector-irrelevant to BILL. Bill to restrict candy, soda from SNAP passes Alabama House

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.

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