Chicago Partners Investment Group LLC Cuts Stock Holdings in BILL Holdings, Inc. $BILL

Key Points

• Chicago Partners Investment Group LLC significantly reduced its holdings in BILL Holdings, Inc. by 48.3% during the 2nd quarter, resulting in ownership of 13,527 shares valued at approximately $630,000.
• Despite this reduction by Chicago Partners, other institutional investors have increased their stakes in the company, highlighting a mixed sentiment around BILL among hedge funds.
• BILL reported strong quarterly earnings, exceeding expectations with a return on equity of 1.16% and a revenue increase of 11.5% year-over-year, while also announcing a share repurchase program worth $300 million.

Chicago Partners Investment Group LLC decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 48.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,527 shares of the company's stock after selling 12,643 shares during the quarter. Chicago Partners Investment Group LLC's holdings in BILL were worth $630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Taylor Frigon Capital Management LLC grew its holdings in shares of BILL by 21.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 45,414 shares of the company's stock worth $2,101,000 after purchasing an additional 8,131 shares in the last quarter. Acadian Asset Management LLC lifted its position in BILL by 230.4% in the 1st quarter. Acadian Asset Management LLC now owns 38,237 shares of the company's stock worth $1,754,000 after buying an additional 26,664 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in BILL in the 1st quarter worth approximately $1,207,000. Mirae Asset Global Investments Co. Ltd. lifted its position in BILL by 3,947.7% in the 1st 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in BILL in the 1st quarter worth approximately $570,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore ISI lowered their price objective on BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a research report on Thursday, August 28th. Robert W. Baird lowered their price objective on BILL from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a "buy" rating and issued a $75.00 price objective on shares of BILL in a research report on Thursday, August 28th. Wolfe Research raised BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on BILL in a research note on Thursday, July 17th. They set a "hold" rating and a $49.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, BILL currently has a consensus rating of "Hold" and an average target price of $59.75.

BILL Price Performance

Shares of BILL stock opened at $52.94 on Wednesday. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -330.85, a PEG ratio of 14.01 and a beta of 1.42. The business's fifty day moving average is $49.03 and its 200 day moving average is $45.96. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

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, topping the consensus estimate of $0.41 by $0.12. BILL had a return on equity of 1.16% and a net margin of 1.63%.The company had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL announced that its board has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.

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