Pier Capital LLC Purchases Shares of 92,841 BILL Holdings, Inc. $BILL

Key Points

• Pier Capital LLC opened a new position in BILL Holdings, buying 92,841 shares in Q4 worth about $5.06 million, equal to roughly 0.09% of the company.
• BILL topped quarterly estimates (EPS $0.64 vs. $0.56) and raised Q4 and FY2026 guidance, while announcing up to ~30% workforce cuts—moves that spurred a positive market reaction.
• Despite the beats and cost actions, profitability remains mixed (net margin ~-1.6%), analysts' consensus is a "Hold" with a $55.10 target, and institutional ownership sits near 98%.

Pier Capital LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,841 shares of the company's stock, valued at approximately $5,064,000. Pier Capital LLC owned approximately 0.09% of BILL as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BILL. Marshall Wace LLP boosted its stake in shares of BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company's stock worth $114,781,000 after acquiring an additional 1,421,785 shares during the period. National Bank of Canada FI bought a new position in shares of BILL during the 3rd quarter worth approximately $42,376,000. Assenagon Asset Management S.A. boosted its stake in shares of BILL by 1,237.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 643,045 shares of the company's stock worth $35,072,000 after acquiring an additional 594,974 shares during the period. Parnassus Investments LLC boosted its stake in shares of BILL by 191.5% during the 3rd quarter. Parnassus Investments LLC now owns 905,585 shares of the company's stock worth $47,969,000 after acquiring an additional 594,939 shares during the period. Finally, Mangrove Partners IM LLC bought a new position in shares of BILL during the 3rd quarter worth approximately $31,147,000. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BILL shares. Robert W. Baird set a $50.00 target price on BILL in a research note on Friday, February 6th. Weiss Ratings reiterated a "sell (d)" rating on shares of BILL in a research note on Wednesday. Morgan Stanley dropped their price target on BILL from $55.00 to $50.00 and set an "equal weight" rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on BILL from $52.00 to $44.00 and set a "buy" rating for the company in a report on Monday, April 13th. Finally, Evercore set a $42.00 price target on BILL in a report on Friday, February 6th. Twelve investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $55.10.

BILL Stock Performance

NYSE:BILL opened at $37.62 on Friday. The stock has a market cap of $3.72 billion, a P/E ratio of -156.77, a PEG ratio of 3.33 and a beta of 1.22. The stock has a 50 day simple moving average of $39.55 and a 200 day simple moving average of $46.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.48. BILL Holdings, Inc. has a 1-year low of $34.44 and a 1-year high of $57.21.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $414.67 million during the quarter, compared to analysts' expectations of $399.71 million. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Research analysts anticipate that BILL Holdings, Inc. will post 0.59 earnings per share for the current year.

Key Headlines Impacting BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: Q3 earnings beat — BILL reported $0.68 EPS vs. consensus $0.55 and revenue of $406.6M (up 13.5% year-over-year), signaling healthier top- and bottom-line trends. BILL Holdings (BILL) Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Upgraded guidance — management raised Q4 FY2026 EPS guide to $0.690–$0.720 (well above Street) and FY2026 to $2.610–$2.640, implying stronger margin recovery and revenue growth for the year. Investors are treating the guidance as a major positive catalyst. BILL Press Release / Guidance
• Positive Sentiment: Cost actions to improve profitability — BILL announced workforce cuts of up to ~30% aimed at boosting profitability; the move was received positively by the market and helped drive a notable share spike in after-hours trading. BILL cuts about 30% jobs to boost profitability, shares jump
• Neutral Sentiment: Company-hosted materials available — earnings press release, slide deck and conference-call transcript were posted (useful for digging into metrics and management commentary). Listen to Conference Call / View Materials
• Neutral Sentiment: Analyst and peer comparison pieces are appearing (e.g., BILL vs. DDOG), which may affect investor positioning but are secondary to the company’s results and guidance. BILL vs. DDOG: Which Stock Is the Better Value Option?
• Negative Sentiment: Profitability still mixed — despite the beat, BILL reported a negative net margin (~-1.6%) and modest ROE, underscoring that the business has not fully returned to consistent profitability and remains execution-sensitive. BILL Earnings Highlights / Metrics

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.

Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BILL Holdings, Inc. (NYSE:BILL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.