Clearline Capital LP Invests $15.95 Million in BILL Holdings, Inc. $BILL

Key Points

• Clearline Capital LP purchased 347,575 shares of BILL Holdings, valued at approximately $15.95 million, making it the firm's 23rd largest holding.
• BILL Holdings reported a 10.2% increase in its stock price, opening at $51.48, while its market cap stands at $5.23 billion.
• The company's Board of Directors has initiated a $300 million stock repurchase plan, indicating confidence in the stock's long-term value.

Clearline Capital LP purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 347,575 shares of the company's stock, valued at approximately $15,950,000. BILL comprises 1.0% of Clearline Capital LP's investment portfolio, making the stock its 23rd largest position. Clearline Capital LP owned about 0.34% of BILL as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BILL. Xponance Inc. boosted its position in shares of BILL by 1.6% during the 1st quarter. Xponance Inc. now owns 13,902 shares of the company's stock valued at $638,000 after acquiring an additional 222 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter worth approximately $30,000. Quarry LP lifted its holdings in BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after buying an additional 354 shares during the period. Brooklyn Investment Group lifted its holdings in BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after buying an additional 377 shares during the period. Finally, Fifth Third Bancorp raised its holdings in BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BILL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL in a research report on Thursday, July 17th. They issued a "hold" rating and a $49.00 target price for the company. BMO Capital Markets lowered their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Canaccord Genuity Group reissued a "buy" rating and issued a $75.00 target price on shares of BILL in a report on Thursday, August 28th. Piper Sandler lowered shares of BILL from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Finally, Mizuho dropped their target price on shares of BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.50.

BILL Trading Up 4.0%

NYSE:BILL traded up $2.01 during trading hours on Wednesday, hitting $52.93. The company had a trading volume of 7,721,421 shares, compared to its average volume of 4,927,063. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company has a market capitalization of $5.38 billion, a PE ratio of -330.80, a price-to-earnings-growth ratio of 14.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50-day moving average price of $44.75 and a 200 day moving average price of $45.17.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.12. The firm had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.BILL's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.