Parnassus Investments LLC Has $79.84 Million Position in BILL Holdings, Inc. $BILL

Parnassus Investments LLC grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 61.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,463,791 shares of the company’s stock after buying an additional 558,206 shares during the period. Parnassus Investments LLC’s holdings in BILL were worth $79,835,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of BILL by 27.2% during the 4th quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock worth $68,000 after purchasing an additional 266 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of BILL by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock worth $1,165,000 after purchasing an additional 327 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of BILL by 46.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after purchasing an additional 401 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of BILL by 1.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,099 shares of the company’s stock worth $1,541,000 after purchasing an additional 484 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of BILL by 972.0% during the 3rd 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 during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

BILL opened at $32.09 on Friday. The stock’s 50-day moving average price is $37.52 and its 200 day moving average price is $43.99. BILL Holdings, Inc. has a 12-month low of $31.52 and a 12-month high of $57.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -3,205.79, a PEG ratio of 1.14 and a beta of 1.20.

BILL (NYSE:BILL) last posted its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.BILL’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts expect that BILL Holdings, Inc. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

BILL has been the subject of a number of research analyst reports. Morgan Stanley set a $55.00 price target on BILL in a report on Friday, May 8th. The Goldman Sachs Group increased their target price on BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Weiss Ratings raised BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Zacks Research raised BILL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird increased their target price on BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.80.

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.