Hsbc Holdings PLC Increases Holdings in BILL Holdings, Inc. $BILL

Key Points

• Hsbc Holdings PLC increased its stake in BILL Holdings, Inc. by 176.5%, owning 36,304 shares valued at approximately $1.66 million.
• Analysts' ratings are mixed, with a consensus rating of "Hold" and a consensus price target of $59.50.
• BILL announced a $300 million share repurchase plan, representing about 7.2% of its outstanding shares, indicating management's confidence in the stock's valuation.

Hsbc Holdings PLC grew its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 176.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,304 shares of the company's stock after purchasing an additional 23,173 shares during the quarter. Hsbc Holdings PLC's holdings in BILL were worth $1,659,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of BILL by 110.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after purchasing an additional 1,309,337 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of BILL by 86.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company's stock valued at $97,072,000 after purchasing an additional 532,726 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of BILL by 61.0% in the fourth quarter. Two Sigma Advisers LP now owns 1,112,500 shares of the company's stock valued at $94,240,000 after purchasing an additional 421,700 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of BILL by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 850,800 shares of the company's stock valued at $39,043,000 after acquiring an additional 43,186 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of 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 acquiring an additional 380,509 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets decreased their price target on BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. UBS Group raised their price target on BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Keefe, Bruyette & Woods cut their price target on BILL from $54.00 to $46.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Finally, Piper Sandler lowered BILL from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $59.50.

BILL Price Performance

BILL stock traded down $0.31 during mid-day trading on Tuesday, hitting $46.11. 3,333,984 shares of the stock were exchanged, compared to its average volume of 2,781,651. 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 business has a fifty day moving average price of $44.26 and a 200 day moving average price of $45.40. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -288.14, a PEG ratio of 10.30 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly 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. 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 company's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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 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 outstanding shares. This repurchase authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

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 stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the transaction, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company's stock.

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.