Ameriprise Financial Inc. Acquires 475,100 Shares of BILL Holdings, Inc. $BILL

Key Points

• Ameriprise Financial Inc. increased its stake in BILL Holdings, Inc. by 23.6%, now owning approximately 2.44% of the company, valued at around $114 million.
• Several institutional investors have significantly raised their positions in BILL, with Dimensional Fund Advisors increasing their holdings by 110.9% during the first quarter.
• Analysts have set a mixed outlook for BILL, with a consensus target price of $62.32, while ratings vary from "Buy" to "Underweight."

Ameriprise Financial Inc. boosted its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,490,921 shares of the company's stock after acquiring an additional 475,100 shares during the quarter. Ameriprise Financial Inc. owned 2.44% of BILL worth $114,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of BILL by 3,947.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock valued at $693,000 after purchasing an additional 14,725 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in BILL during the 1st quarter valued at $570,000. Cetera Investment Advisers purchased a new position in BILL during the 4th quarter worth $467,000. GAMMA Investing LLC grew its stake in shares of BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of BILL by 145.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock worth $101,000 after acquiring an additional 1,306 shares in the last quarter. 97.99% of the stock is owned by institutional investors.

Insider Activity at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. The trade was a 16.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BILL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL in a report on Thursday, July 17th. They set a "hold" rating and a $49.00 price target on the stock. Robert W. Baird dropped their price target on BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Wells Fargo & Company reduced their price objective on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. UBS Group lifted their target price on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley lowered shares of BILL from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $60.00 to $55.00 in a report on Wednesday, June 11th. Ten investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $59.50.

BILL Trading Down 5.6%

Shares of BILL stock traded down $2.75 during trading on Friday, reaching $46.45. The company's stock had a trading volume of 4,067,193 shares, compared to its average volume of 2,757,917. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The firm's 50-day moving average is $44.16 and its two-hundred day moving average is $45.81. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -291.07, a PEG ratio of 9.24 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates 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%.The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL announced that its Board of Directors has approved a stock buyback plan 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 plans are generally a sign that the company's board believes its stock is 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.