Great Lakes Advisors LLC Has $10.53 Million Position in BILL Holdings, Inc. $BILL

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 lessened its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,453 shares of the company's stock after selling 8,556 shares during the period. Great Lakes Advisors LLC owned 0.23% of BILL worth $10,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Clearline Capital LP acquired a new position in BILL in the 1st quarter worth about $15,950,000. Temasek Holdings Private Ltd increased its holdings in BILL by 36.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company's stock worth $170,706,000 after purchasing an additional 992,591 shares in the last quarter. Scientech Research LLC acquired a new position in BILL in the 1st quarter worth about $594,000. Invenomic Capital Management LP grew its position in shares of BILL by 664.2% in the 1st quarter. Invenomic Capital Management LP now owns 174,211 shares of the company's stock valued at $7,995,000 after buying an additional 151,413 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of BILL in the 1st quarter valued at about $1,207,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their price target on BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Mizuho reduced their price target on BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $60.00 to $55.00 in a research report on Wednesday, June 11th. Truist Financial upped their price target on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Finally, Citigroup reduced their price target on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.50.

BILL Stock Down 2.9%

Shares of BILL stock opened at $50.04 on Tuesday. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. 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 stock's 50-day moving average is $44.53 and its 200 day moving average is $45.08. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -312.76, a PEG ratio of 14.76 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating 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 analyst estimates of $376.43 million. During the same quarter in the prior year, the company earned $0.57 EPS. The firm'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. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Activity at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the company's 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 owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

About BILL

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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