Algert Global LLC Purchases 205,024 Shares of BILL Holdings, Inc. $BILL

Key Points

• Algert Global more than doubled its BILL Holdings position in the second quarter, buying 205,024 additional shares to own 385,264 shares valued at approximately $13.9 million. Institutional investors collectively own 97.99% of BILL’s stock.
• BILL reported quarterly adjusted earnings of $0.84 per share, beating estimates of $0.71, while revenue rose 13.8% year over year to $436.19 million. The company issued fiscal 2027 EPS guidance of $3.56–$3.79.
• Analyst sentiment is broadly positive, with several firms raising price targets to $56–$60 and reiterating Buy or Outperform ratings. However, the consensus rating remains Hold, with an average price target of $57.05 versus the stock’s reported price of $47.67.

Algert Global LLC boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 113.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 385,264 shares of the company's stock after acquiring an additional 205,024 shares during the period. Algert Global LLC owned 0.39% of BILL worth $13,931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of BILL by 21.8% in the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company's stock worth $73,000 after purchasing an additional 239 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of BILL by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company's stock worth $693,000 after buying an additional 300 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in BILL by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company's stock valued at $1,165,000 after buying an additional 327 shares during the period. SBI Securities Co. Ltd. boosted its stake in BILL by 46.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company's stock valued at $69,000 after buying an additional 401 shares during the period. Finally, Versant Capital Management Inc grew its position in BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company's stock worth $26,000 after buying an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Price Performance

BILL opened at $47.67 on Wednesday. The stock has a 50-day moving average price of $42.89 and a 200-day moving average price of $40.78. BILL Holdings, Inc. has a 12-month low of $31.41 and a 12-month high of $57.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $4.07 billion, a P/E ratio of -366.72, a PEG ratio of 1.03 and a beta of 1.13.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. The company had revenue of $436.19 million for the quarter, compared to analysts' expectations of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.BILL's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities analysts predict that BILL Holdings, Inc. will post 1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on BILL. Jefferies Financial Group upped their target price on BILL from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Wolfe Research boosted their price objective on BILL from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday. The Goldman Sachs Group boosted their price objective on BILL from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. BTIG Research restated a "buy" rating and issued a $60.00 price objective on shares of BILL in a research report on Thursday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of BILL in a research note on Thursday, August 20th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $57.05.

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. It also offers onboarding implementation support, and ongoing support and training services.

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