Greenhouse Funds LLLP Raises Stake in BILL Holdings, Inc. $BILL

Key Points

• Greenhouse Funds LLLP increased its stake in BILL Holdings, Inc. by 68.2%, owning 2,348,766 shares, which now represent 5.1% of its portfolio.
• BILL reported quarterly earnings of $0.53 per share, exceeding estimates, with revenue of $383.35 million, up 11.5% from the previous year.
• The company initiated a stock buyback plan authorizing the repurchase of $300 million in shares, indicating leadership believes the stock is undervalued.

Greenhouse Funds LLLP boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 68.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,348,766 shares of the company's stock after purchasing an additional 952,149 shares during the period. BILL comprises 5.1% of Greenhouse Funds LLLP's portfolio, making the stock its 4th largest holding. Greenhouse Funds LLLP owned about 2.30% of BILL worth $107,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in BILL by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 2,490,921 shares of the company's stock valued at $114,308,000 after buying an additional 475,100 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after buying an additional 1,309,337 shares during the last quarter. Contour Asset Management LLC purchased a new position in BILL during the first quarter valued at $65,783,000. Frontier Capital Management Co. LLC lifted its position in BILL by 86.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company's stock valued at $97,072,000 after purchasing an additional 532,726 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in BILL by 61.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,112,500 shares of the company's stock valued at $94,240,000 after purchasing an additional 421,700 shares in the last quarter. Institutional investors own 97.99% of the company's stock.

BILL Trading Down 1.3%

NYSE BILL opened at $46.10 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.69 billion, a PE ratio of -288.13, a price-to-earnings-growth ratio of 10.30 and a beta of 1.37. The company has a 50 day moving average price of $44.31 and a 200 day moving average price of $45.41. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released 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. 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%. BILL's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts forecast 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 authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BILL shares. Citigroup decreased their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $75.00 price objective on shares of BILL in a research note on Thursday, August 28th. Piper Sandler cut shares of BILL from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $70.00 to $50.00 in a research note on Thursday, August 28th. Evercore ISI dropped their price target on shares of BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a research note on Thursday, August 28th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of BILL from $54.00 to $46.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Ten investment 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. Based on data from MarketBeat.com, BILL presently has a consensus rating of "Hold" and an average target price of $59.50.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by 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.

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