ARK Investment Management LLC Sells 12,669 Shares of BILL Holdings, Inc. $BILL

Key Points

• ARK Investment Management LLC has reduced its holdings in BILL Holdings, Inc. by 7.9%, selling 12,669 shares, leaving them with 148,543 shares valued at approximately $6.87 million.
• BILL Holdings reported a quarterly EPS of $0.53, exceeding analysts' expectations, and saw a revenue increase of 11.5% year-over-year, totaling $383.35 million.
• The company has announced a $300 million share repurchase program, allowing it to buy back up to 7.2% of its shares, signaling confidence in its valuation.

ARK Investment Management LLC decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,543 shares of the company's stock after selling 12,669 shares during the period. ARK Investment Management LLC owned about 0.14% of BILL worth $6,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in BILL by 85.9% during the first quarter. Quarry LP now owns 766 shares of the company's stock worth $35,000 after purchasing an additional 354 shares during the period. Brooklyn Investment Group raised its stake in shares of 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 acquiring an additional 377 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of BILL by 2,189.1% in the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after acquiring an additional 1,007 shares during the last quarter. UMB Bank n.a. raised its stake in shares of BILL by 283.3% in the second quarter. UMB Bank n.a. now owns 1,215 shares of the company's stock valued at $56,000 after acquiring an additional 898 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of BILL by 303.9% in the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after acquiring an additional 930 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

BILL Stock Performance

BILL stock opened at $52.94 on Wednesday. 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 company has a 50 day moving average price of $49.03 and a 200 day moving average price of $45.96. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The stock has a market capitalization of $5.38 billion, a PE ratio of -330.85, a price-to-earnings-growth ratio of 14.01 and a beta of 1.42.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The firm had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. During the same quarter in the previous year, the business earned $0.57 EPS. The business's quarterly 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. Analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL announced that its board has approved a share repurchase program on Wednesday, August 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL in a research note on Thursday, July 17th. They issued a "hold" rating and a $49.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of BILL from $46.00 to $56.00 and gave the company a "market perform" rating in a research note on Wednesday, October 1st. Oppenheimer reiterated an "outperform" rating and issued a $55.00 target price on shares of BILL in a research note on Thursday, August 28th. Finally, Truist Financial upgraded shares of BILL from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $50.00 to $63.00 in a research report on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $59.75.

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.

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