Verition Fund Management 13F: Adds $5.4M to BILL Stake

Verition Fund Management expanded its holdings in BILL Holdings, Inc. (NYSE:BILL) during the first half of the year, according to its latest Form 13F filing with the Securities and Exchange Commission. The investment manager added 151,183 shares of the business software company to its portfolio. This addition represents a 53.04% increase in the fund's overall stake, bringing its total position to 436,200 shares. At the end of the reporting period, the fund's position was valued at approximately $15.48 million.

Verition's Growing Back-Office Bets

Before this purchase, Verition Fund Management held 285,017 shares of the San Jose, California-based company. The fund's decision to accumulate more shares stands in contrast to its other recent filings. For instance, on May 15, 2026, the fund reduced its positions in both Axon Enterprise and Banc of California. The move to buy more BILL stock represents a notable commitment to the financial operations space, even as the broader tech sector has experienced choppy trading conditions.

BILL Stock Performance Since the Reporting Period

On Sunday, shares of BILL Holdings, Inc. traded at $35.50. The stock has been trading under some pressure compared to its longer-term trends. Its 50-day moving average is currently $47.24, and its 200-day moving average is $43.73. Over the past twelve months, the stock has traded within a range of $31.41 to $57.21. With the current stock price hovering near the lower end of that range, the shares are trading below the $50.68 average cost basis of the fund's purchase.

Recent Earnings and Financial Health

BILL Holdings continues to scale its operations, posting annual revenue of $1.65 billion. The company achieved a revenue growth rate of 13.8% over the last year. Despite the rising sales, the company is not yet highly profitable over the full year, posting earnings per share of -$0.11 and a slight net margin of -0.07%. Its return on equity also remains slightly negative at -0.30%. However, the company maintains a solid liquidity position with a current ratio of 1.51, indicating it has enough short-term assets to cover its immediate obligations.

Wall Street Analysts Raise Price Targets

Several research firms have updated their projections for BILL Holdings, with many lifting their price targets. On September 1, 2026, Truist Securities kept its Hold rating on the stock but raised its price target from $44.00 to $52.00. This followed a downgrade by the same firm earlier in June.

Other analysts have shown more optimism. On August 25, 2026, Wolfe Research maintained its Outperform rating and increased its target to $60.00 from $57.00. On August 20, 2026, several major firms updated their views. Jefferies kept a Buy rating and lifted its target to $56.00. Goldman Sachs kept a Buy rating with a new target of $57.00. Morgan Stanley maintained an Equal-Weight rating with a $60.00 target. BMO Capital and Keefe, Bruyette & Woods both held Market Perform ratings, raising their targets to $55.00 and $54.00 respectively, while UBS maintained its Buy rating with a target of $60.00.

Currently, the consensus among 20 analyst opinions points to a target mean price of $57.30, suggesting significant potential upside from recent trading levels.

Automated Back-Office Solutions

BILL Holdings, Inc. provides cloud-based financial software that helps small and midsize businesses automate their back-office operations. The platform connects businesses with their suppliers and clients, managing accounts payable, accounts receivable, and expense management. This technology helps companies move away from manual expense reports and paper checks, simplifying daily financial tasks.

What to Watch at BILL Holdings, Inc.

Investors will be watching for the company's next earnings report, which is scheduled for November 5, 2026. This release will provide updated figures on revenue growth and margins, showing whether the company is moving closer to consistent profitability. Analysts and institutional investors will also watch for future SEC filings. It is important to note that 13F filings are backward-looking and reflect institutional portfolios as of a specific date in the past, meaning they do not necessarily reflect current market positions.