Graham Capital Management L.P. Makes New Investment in BILL Holdings, Inc. $BILL

Key Points

• Graham Capital Management L.P. recently made a new investment in BILL Holdings, purchasing 26,595 shares valued at approximately $1.22 million.
• Several hedge funds have also increased their positions in BILL, with Dimensional Fund Advisors raising its stake by 110.9% during the first quarter.
• BILL announced a $300 million stock buyback plan, indicating the board's belief that the stock is undervalued.

Graham Capital Management L.P. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,595 shares of the company's stock, valued at approximately $1,220,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BILL. CoreCap Advisors LLC acquired a new stake in BILL in the 4th quarter valued at $30,000. Fifth Third Bancorp lifted its stake in BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Quarry LP lifted its stake in BILL by 85.9% during the 1st quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after acquiring an additional 354 shares in the last quarter. Brooklyn Investment Group lifted its stake in BILL by 73.6% during the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after acquiring an additional 377 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in BILL by 2,189.1% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Insiders Place Their Bets

In related news, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by corporate insiders.

BILL Stock Performance

BILL traded down $1.04 during trading on Monday, hitting $50.50. The stock had a trading volume of 2,943,430 shares, compared to its average volume of 2,847,254. The firm has a market cap of $5.13 billion, a PE ratio of -315.77, a P/E/G ratio of 14.76 and a beta of 1.37. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $45.10. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

BILL (NYSE:BILL - Get Free Report) last posted its 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 net margin of 1.63% and a return on equity of 1.16%. The company had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. During the same period last year, the business posted $0.57 earnings per share. The business's revenue for the quarter 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 expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL announced that its board has initiated a stock repurchase plan on Wednesday, August 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BILL. Canaccord Genuity Group reissued a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. BMO Capital Markets lowered their price objective on BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and set a $75.00 target price on shares of BILL in a research note on Thursday, August 28th. Truist Financial upped their price target on BILL from $47.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on BILL in a research report on Thursday, July 17th. They issued a "hold" rating and a $49.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BILL presently has an average 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.