Contour Asset Management LLC Purchases 1,472,132 Shares of BILL Holdings, Inc. $BILL

Contour Asset Management LLC boosted its position in BILL Holdings, Inc. (NYSE:BILL) by 45.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,710,570 shares of the company’s stock after purchasing an additional 1,472,132 shares during the quarter. BILL accounts for 6.0% of Contour Asset Management LLC’s holdings, making the stock its 4th largest holding. Contour Asset Management LLC’s holdings in BILL were worth $256,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in BILL by 21.8% in the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock valued at $73,000 after acquiring an additional 239 shares during 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 valued at $68,000 after acquiring an additional 266 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock valued at $1,165,000 after acquiring an additional 327 shares during the last quarter. 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 valued at $69,000 after acquiring an additional 401 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in BILL by 1.7% in the third quarter. Public Employees Retirement System of Ohio now owns 29,099 shares of the company’s stock valued at $1,541,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BILL shares. JPMorgan Chase & Co. reduced their target price on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Morgan Stanley set a $55.00 price objective on BILL in a research note on Friday, May 8th. Finally, Truist Financial cut BILL from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $35.00 in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average price target of $55.80.

BILL Trading Down 4.6%

Shares of BILL opened at $32.14 on Thursday. The stock’s 50-day moving average is $37.08 and its two-hundred day moving average is $43.53. The stock has a market cap of $3.20 billion, a PE ratio of -3,211.09, a P/E/G ratio of 1.18 and a beta of 1.20. BILL Holdings, Inc. has a 12 month low of $31.52 and a 12 month high of $57.21. 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 (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Equities analysts forecast that BILL Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Trending Headlines about BILL

Here are the key news stories impacting BILL this week:

• Positive Sentiment: No direct positive company-specific developments were reported in the latest articles.
• Neutral Sentiment: One article discussed a Zacks screen highlighting computer and technology stocks with potential earnings upside, but BILL was not named specifically and the piece does not appear to be a direct driver of the stock.
• Negative Sentiment: The broader mix of headlines is centered on legislation, housing, and sports-related bills, which do not materially affect BILL’s payment software business and may reflect a lack of fresh company-specific buying interest.

BILL Company 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.