BILL Holdings, Inc. $BILL is Abdiel Capital Advisors LP's 4th Largest Position

Key Points

• Abdiel Capital Advisors LP reduced its stake in BILL Holdings by 44.9% in Q1, now holding approximately 2.8 million shares, which constitutes about 13.2% of its portfolio.
• BILL Holdings reported a net margin of 1.63% and a year-over-year revenue increase of 11.5%, with earnings of $0.53 EPS surpassing analyst expectations of $0.41.
• The company's Board initiated a $300 million share repurchase program, indicating confidence in the stock's valuation, while institutional investors currently own 97.99% of the shares.

Abdiel Capital Advisors LP reduced its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 44.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,797,625 shares of the company's stock after selling 2,281,746 shares during the period. BILL makes up about 13.2% of Abdiel Capital Advisors LP's investment portfolio, making the stock its 4th biggest position. Abdiel Capital Advisors LP owned approximately 2.74% of BILL worth $128,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of BILL. Stifel Financial Corp purchased a new position in BILL during the fourth quarter valued at $558,000. Northern Trust Corp lifted its position in BILL by 84.9% during the fourth quarter. Northern Trust Corp now owns 828,586 shares of the company's stock valued at $70,190,000 after purchasing an additional 380,509 shares in the last quarter. AXA S.A. lifted its position in BILL by 0.5% during the fourth quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after purchasing an additional 429 shares in the last quarter. Cetera Investment Advisers purchased a new position in BILL during the fourth quarter valued at $467,000. Finally, Corton Capital Inc. purchased a new position in BILL during the fourth quarter valued at $398,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BILL shares. Oppenheimer reiterated an "outperform" rating and set a $55.00 target price on shares of BILL in a research report on Thursday, August 28th. Needham & Company LLC reissued a "buy" rating and set a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Mizuho decreased their price target on BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. Morgan Stanley cut BILL from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $60.00 to $55.00 in a report on Wednesday, June 11th. Finally, Piper Sandler cut BILL from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $70.00 to $50.00 in a report on Thursday, August 28th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BILL presently has a consensus rating of "Hold" and a consensus target price of $59.50.

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company's stock.

BILL Price Performance

Shares of BILL stock traded up $4.79 during trading hours on Friday, hitting $51.48. The stock had a trading volume of 8,303,790 shares, compared to its average volume of 4,641,184. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. 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's 50-day moving average price is $44.46 and its two-hundred day moving average price is $45.17. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -321.70, a PEG ratio of 14.76 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last issued its 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. BILL had a return on equity of 1.16% and a net margin of 1.63%.The firm had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its board has approved a stock buyback program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.