Invenomic Capital Management LP Has $8 Million Stock Holdings in BILL Holdings, Inc. $BILL

Key Points

• Invenomic Capital Management LP significantly increased its ownership of BILL Holdings, Inc. by 664.2%, acquiring a total of 174,211 shares valued at approximately $8 million.
• Analyst ratings for BILL stock are mixed, with 10 buy ratings, 10 hold ratings, and 1 sell rating, and a consensus price target of $59.50.
• BILL announced a $300 million stock repurchase program, indicating that its board believes the stock may be undervalued.

Invenomic Capital Management LP raised its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 664.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,211 shares of the company's stock after acquiring an additional 151,413 shares during the period. Invenomic Capital Management LP owned approximately 0.17% of BILL worth $7,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in BILL during the fourth quarter worth about $558,000. Cetera Investment Advisers bought a new position in BILL during the fourth quarter worth about $467,000. CoreCap Advisors LLC bought a new position in BILL during the fourth quarter worth about $30,000. Diker Management LLC lifted its stake in BILL by 200.0% during the fourth quarter. Diker Management LLC now owns 60,000 shares of the company's stock worth $5,083,000 after purchasing an additional 40,000 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its stake in BILL by 86.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company's stock worth $97,072,000 after purchasing an additional 532,726 shares during the period. 97.99% of the stock is currently owned by institutional investors.

BILL Price Performance

Shares of BILL stock traded up $4.79 during midday trading on Friday, reaching $51.48. The company had a trading volume of 8,303,790 shares, compared to its average volume of 4,888,208. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of -321.70, a price-to-earnings-growth ratio of 14.76 and a beta of 1.37. The stock has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $45.10. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. BILL's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share 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.

Insider Buying and Selling at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group restated a "buy" rating and set a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $54.00 to $46.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Citigroup dropped their price objective on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. Finally, Piper Sandler lowered shares of BILL from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $59.50.

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.