Canada Pension Plan Investment Board Has $14.30 Million Stock Holdings in BILL Holdings, Inc. $BILL

Key Points

• The Canada Pension Plan Investment Board increased its holdings in BILL Holdings, Inc. by 33.6%, owning approximately $14.30 million worth of the stock as of its latest SEC filing.
• Several hedge funds have also significantly altered their positions in BILL, including Mirae Asset Global Investments, which boosted its stake by 3,947.7%.
• BILL announced a $300 million stock buyback plan, indicating the company's belief that its shares are undervalued amid recent market fluctuations.

Canada Pension Plan Investment Board raised its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 33.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,700 shares of the company's stock after buying an additional 78,400 shares during the quarter. Canada Pension Plan Investment Board owned about 0.31% of BILL worth $14,304,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in BILL by 3,947.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock worth $693,000 after buying an additional 14,725 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in BILL during the 1st quarter worth about $570,000. Cetera Investment Advisers acquired a new stake in shares of BILL in the fourth quarter valued at approximately $467,000. GAMMA Investing LLC increased 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 valued at $57,000 after buying an additional 930 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in BILL by 145.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock worth $101,000 after purchasing an additional 1,306 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BILL. Oppenheimer reissued an "outperform" rating and issued a $55.00 price target on shares of BILL in a research note on Thursday, August 28th. Canaccord Genuity Group restated a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. Truist Financial lifted their price objective on shares of BILL from $47.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Wells Fargo & Company decreased their price target on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Finally, Mizuho lowered their price objective on shares of BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday. 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $59.50.

Insider Buying and Selling

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 transaction of $80,545.00. Following the sale, the insider directly owned 9,298 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 4.20% of the company's stock.

BILL Trading Down 5.5%

Shares of BILL opened at $46.51 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -290.65, a PEG ratio of 10.30 and a beta of 1.37. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The business's fifty day moving average is $44.26 and its 200-day moving average is $45.40.

BILL (NYSE:BILL - Get Free Report) last posted 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 company had revenue of $383.35 million for the quarter, compared to the consensus estimate of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL declared that its board has initiated a stock buyback plan 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 plans are typically a sign that the company's board believes its shares are 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.

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