Barington Companies Increases Stake in BILL Holdings Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy BILL?
Source: Fool
- Increased Holdings: Barington Companies Management significantly increased its stake in BILL Holdings by purchasing 325,000 shares in Q4 2026, with an estimated transaction value of $16.70 million, indicating strong confidence in the company.
- Value Appreciation: This acquisition raised the value of Barington's BILL position by $17.83 million at quarter-end, reflecting the positive impact of both trading activity and price changes on the investment.
- Portfolio Allocation Shift: BILL Holdings now represents 13.96% of Barington's 13F reportable AUM, highlighting its significance within the portfolio, particularly amidst a focus on consumer and retail sectors.
- Financial Performance: Despite a 24.1% decline in BILL's stock price over the past year, the company reported $414.7 million in Q2 revenue, a 14% year-over-year increase, demonstrating the robustness of its business fundamentals and future growth potential.
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Analyst Views on BILL
Wall Street analysts forecast BILL stock price to rise
16 Analyst Rating
9 Buy
7 Hold
0 Sell
Moderate Buy
Current: 45.120
Low
42.00
Averages
54.92
High
75.00
Current: 45.120
Low
42.00
Averages
54.92
High
75.00
About BILL
BILL Holdings, Inc. provides a financial operations platform for small and midsize businesses (SMBs). The Company offers software-as-a-service, cloud-based payments, and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. Its artificial intelligence (AI)-enabled financial software platform creates seamless connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make and receive payments, manage employee expenses, sync with their accounting system, foster collaboration, and manage their cash flow. Its integrated platform also includes BILL Spend and Expense, its spend and expense management product, which provides a solution for businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Barington Companies Acquires Additional BILL Holdings Shares
- Increased Holdings: Barington Companies Management acquired an additional 325,000 shares of BILL Holdings in Q4, with an estimated transaction value of $16.70 million, indicating strong confidence in the company's prospects.
- Value Growth: The quarter-end position value of BILL increased by $17.83 million due to trading activity and stock price movements, reflecting positive market expectations for its future development.
- Financial Performance: BILL Holdings reported $414.7 million in Q2 revenue, a 14% year-over-year increase, with core revenue climbing 17%, demonstrating strong user engagement and market demand for its platform.
- Future Outlook: The company projects full-year revenue between $1.63 billion and $1.65 billion, with non-GAAP EPS potentially reaching $2.41, indicating sustained growth potential in the financial management software sector.
See More
BILL Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $35.00 put option is 50 cents, and if an investor sells this contract, they commit to buying the stock at $35.00 while collecting the premium, effectively lowering their cost basis to $34.50, which represents a 23% discount from the current price of $45.72, making it attractive for those interested in BILL shares.
- Yield Potential: Should the put option expire worthless, it would yield a 1.43% return on the cash commitment, or an annualized yield of 9.00%, referred to as YieldBoost, highlighting the potential attractiveness of this investment strategy.
- Call Option Returns: The $50.00 call option has a current bid of $1.20, and if an investor buys BILL shares at $45.72 and sells this call, the total return could reach 11.99% if the stock is called away at expiration, showcasing the potential profitability of this strategy.
- Risk Assessment: Current data indicates a 59% chance that the $50.00 call option will expire worthless, allowing investors to retain both their shares and the collected premium, thereby enhancing the safety and return potential of the investment.
See More
Starboard Value Reports 2025 AUM and Portfolio Changes
- AUM Overview: As of the end of 2025, Starboard Value reported an AUM of $5.29 billion, slightly down from $5.53 billion the previous year, indicating a stable asset base despite a broader market increase of 16%.
- Portfolio Additions: In 2025, Starboard added several new positions, including over 7.5 million shares of Qorvo (QRVO), valued at over $634 million, reflecting a strong belief in the semiconductor sector's growth potential.
- Stake Adjustments: The fund increased its stake in Kenvue (KVUE) to over 27 million shares worth $471 million, while also boosting its holdings in Salesforce (CRM) by 68%, demonstrating confidence in these companies' future performance.
- Exit and Reduction Strategy: Starboard completely exited positions in companies like Pfizer (PFE) in 2025 and reduced holdings in Match Group (MTCH), showcasing its adaptive strategy in response to market conditions.
See More
Barington Companies Increases Stake in BILL Holdings Significantly
- Increased Holdings: Barington Companies Management significantly increased its stake in BILL Holdings by purchasing 325,000 shares in Q4 2026, with an estimated transaction value of $16.70 million, indicating strong confidence in the company.
- Value Appreciation: This acquisition raised the value of Barington's BILL position by $17.83 million at quarter-end, reflecting the positive impact of both trading activity and price changes on the investment.
- Portfolio Allocation Shift: BILL Holdings now represents 13.96% of Barington's 13F reportable AUM, highlighting its significance within the portfolio, particularly amidst a focus on consumer and retail sectors.
- Financial Performance: Despite a 24.1% decline in BILL's stock price over the past year, the company reported $414.7 million in Q2 revenue, a 14% year-over-year increase, demonstrating the robustness of its business fundamentals and future growth potential.
See More
Software Companies Face AI Disruption
- Market Reaction Analysis: Following the launch of Anthropic's Claude Cowork, software companies like Shopify, Monday.com, and Fastly saw stock declines of 23%, 15%, and 16% respectively, indicating investor concerns over AI potentially replacing traditional software, which may lead to a reevaluation of investment strategies.
- Industry Trend Observation: Despite surging AI spending and major players like Meta and Alphabet pushing forward, the future of software companies remains uncertain, particularly for those reliant on single-function products, which may face greater risks of obsolescence.
- Job Market Dynamics: Recent data shows that January layoffs reached the highest level since 2009, with job openings falling to the lowest since 2020, reflecting adjustments in labor demand as companies navigate economic recovery, potentially linked to the rise of AI technologies.
- Investment Strategy Adjustment: Analysts recommend focusing on mission-critical software companies like CrowdStrike and Toast, which may remain stable amid the AI wave due to their essential business functions, urging investors to be selective in navigating market volatility.
See More
Software Companies Face AI Disruption
- Significant Market Reaction: Following Anthropic's launch of Claude Cowork, software companies like Shopify, Monday.com, and Fastly saw stock declines of 23%, 15%, and 15% respectively, indicating investor concerns over AI potentially replacing traditional software, which could lead to a reevaluation of these companies' long-term value.
- Surge in AI Spending: While AI spending continues to rise, software companies are facing intensified competitive pressures, particularly those reliant on single-function offerings like HubSpot and Atlassian, which may experience greater market disruption, impacting their future profitability.
- Clear Industry Differentiation: Analysts categorize software companies into three groups: large software leaders like Microsoft, critical ecosystem companies like Shopify, and those with singular functions, with the latter facing higher risks in the wake of AI advancements, potentially leading to market share erosion.
- Job Market Fluctuations: Recent data shows that layoffs in January 2026 reached the highest level since 2009, and while the overall unemployment rate remains within historical averages, this trend may reflect companies adjusting their hiring strategies in light of AI investments and efficiency improvements, affecting future recruitment plans.
See More
Barington Companies Acquires Additional BILL Holdings Shares
- Increased Holdings: Barington Companies Management acquired an additional 325,000 shares of BILL Holdings in Q4, with an estimated transaction value of $16.70 million, indicating strong confidence in the company's prospects.
- Value Growth: The quarter-end position value of BILL increased by $17.83 million due to trading activity and stock price movements, reflecting positive market expectations for its future development.
- Financial Performance: BILL Holdings reported $414.7 million in Q2 revenue, a 14% year-over-year increase, with core revenue climbing 17%, demonstrating strong user engagement and market demand for its platform.
- Future Outlook: The company projects full-year revenue between $1.63 billion and $1.65 billion, with non-GAAP EPS potentially reaching $2.41, indicating sustained growth potential in the financial management software sector.
See More
BILL Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $35.00 put option is 50 cents, and if an investor sells this contract, they commit to buying the stock at $35.00 while collecting the premium, effectively lowering their cost basis to $34.50, which represents a 23% discount from the current price of $45.72, making it attractive for those interested in BILL shares.
- Yield Potential: Should the put option expire worthless, it would yield a 1.43% return on the cash commitment, or an annualized yield of 9.00%, referred to as YieldBoost, highlighting the potential attractiveness of this investment strategy.
- Call Option Returns: The $50.00 call option has a current bid of $1.20, and if an investor buys BILL shares at $45.72 and sells this call, the total return could reach 11.99% if the stock is called away at expiration, showcasing the potential profitability of this strategy.
- Risk Assessment: Current data indicates a 59% chance that the $50.00 call option will expire worthless, allowing investors to retain both their shares and the collected premium, thereby enhancing the safety and return potential of the investment.
See More
Starboard Value Reports 2025 AUM and Portfolio Changes
- AUM Overview: As of the end of 2025, Starboard Value reported an AUM of $5.29 billion, slightly down from $5.53 billion the previous year, indicating a stable asset base despite a broader market increase of 16%.
- Portfolio Additions: In 2025, Starboard added several new positions, including over 7.5 million shares of Qorvo (QRVO), valued at over $634 million, reflecting a strong belief in the semiconductor sector's growth potential.
- Stake Adjustments: The fund increased its stake in Kenvue (KVUE) to over 27 million shares worth $471 million, while also boosting its holdings in Salesforce (CRM) by 68%, demonstrating confidence in these companies' future performance.
- Exit and Reduction Strategy: Starboard completely exited positions in companies like Pfizer (PFE) in 2025 and reduced holdings in Match Group (MTCH), showcasing its adaptive strategy in response to market conditions.
See More
Barington Companies Increases Stake in BILL Holdings Significantly
- Increased Holdings: Barington Companies Management significantly increased its stake in BILL Holdings by purchasing 325,000 shares in Q4 2026, with an estimated transaction value of $16.70 million, indicating strong confidence in the company.
- Value Appreciation: This acquisition raised the value of Barington's BILL position by $17.83 million at quarter-end, reflecting the positive impact of both trading activity and price changes on the investment.
- Portfolio Allocation Shift: BILL Holdings now represents 13.96% of Barington's 13F reportable AUM, highlighting its significance within the portfolio, particularly amidst a focus on consumer and retail sectors.
- Financial Performance: Despite a 24.1% decline in BILL's stock price over the past year, the company reported $414.7 million in Q2 revenue, a 14% year-over-year increase, demonstrating the robustness of its business fundamentals and future growth potential.
See More
Software Companies Face AI Disruption
- Market Reaction Analysis: Following the launch of Anthropic's Claude Cowork, software companies like Shopify, Monday.com, and Fastly saw stock declines of 23%, 15%, and 16% respectively, indicating investor concerns over AI potentially replacing traditional software, which may lead to a reevaluation of investment strategies.
- Industry Trend Observation: Despite surging AI spending and major players like Meta and Alphabet pushing forward, the future of software companies remains uncertain, particularly for those reliant on single-function products, which may face greater risks of obsolescence.
- Job Market Dynamics: Recent data shows that January layoffs reached the highest level since 2009, with job openings falling to the lowest since 2020, reflecting adjustments in labor demand as companies navigate economic recovery, potentially linked to the rise of AI technologies.
- Investment Strategy Adjustment: Analysts recommend focusing on mission-critical software companies like CrowdStrike and Toast, which may remain stable amid the AI wave due to their essential business functions, urging investors to be selective in navigating market volatility.
See More
Software Companies Face AI Disruption
- Significant Market Reaction: Following Anthropic's launch of Claude Cowork, software companies like Shopify, Monday.com, and Fastly saw stock declines of 23%, 15%, and 15% respectively, indicating investor concerns over AI potentially replacing traditional software, which could lead to a reevaluation of these companies' long-term value.
- Surge in AI Spending: While AI spending continues to rise, software companies are facing intensified competitive pressures, particularly those reliant on single-function offerings like HubSpot and Atlassian, which may experience greater market disruption, impacting their future profitability.
- Clear Industry Differentiation: Analysts categorize software companies into three groups: large software leaders like Microsoft, critical ecosystem companies like Shopify, and those with singular functions, with the latter facing higher risks in the wake of AI advancements, potentially leading to market share erosion.
- Job Market Fluctuations: Recent data shows that layoffs in January 2026 reached the highest level since 2009, and while the overall unemployment rate remains within historical averages, this trend may reflect companies adjusting their hiring strategies in light of AI investments and efficiency improvements, affecting future recruitment plans.
See More
