BILL Holdings, Inc. $BILL Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its stake in BILL Holdings, Inc. by 3.6%, owning approximately $10.53 million worth of the company's stock after selling some shares in the first quarter.
• BILL Holdings reported a quarterly earnings per share (EPS) of $0.53, surpassing the consensus estimate of $0.41, with revenue increasing by 11.5% year-over-year.
• The company has initiated a $300 million stock repurchase program, suggesting that its board believes the shares are undervalued.

Great Lakes Advisors LLC trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,453 shares of the company's stock after selling 8,556 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.23% of BILL worth $10,530,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BILL. CoreCap Advisors LLC acquired a new position in shares of BILL in the 4th quarter valued at $30,000. Fifth Third Bancorp increased its stake in BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after buying an additional 429 shares during the period. Quarry LP increased its stake in BILL by 85.9% in the 1st quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after buying an additional 354 shares during the period. Brooklyn Investment Group increased its stake in BILL by 73.6% in the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after buying an additional 377 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in BILL by 2,189.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after buying an additional 1,007 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on BILL shares. Canaccord Genuity Group reissued a "buy" rating and issued a $75.00 price objective on shares of BILL in a research note on Thursday, August 28th. Mizuho dropped 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, August 28th. Morgan Stanley cut shares of BILL from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. BMO Capital Markets dropped their price objective on shares of BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a research note on Thursday, August 28th. Finally, Citigroup decreased their target price on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.50.

BILL Price Performance

Shares of BILL stock traded down $0.64 on Friday, hitting $51.09. The company's stock had a trading volume of 1,969,932 shares, compared to its average volume of 5,095,515. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week 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. The firm has a fifty day moving average price of $44.89 and a 200-day moving average price of $45.02. The company has a market capitalization of $5.19 billion, a P/E ratio of -319.26, a price-to-earnings-growth ratio of 14.63 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 EPS 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 business had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. During the same period in the previous year, the firm earned $0.57 EPS. 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. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its board has initiated a share buyback plan on Wednesday, August 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at BILL

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the transaction, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

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.