Harber Asset Management LLC Invests $6.72 Million in BILL Holdings, Inc. $BILL

Key Points

• Harber Asset Management LLC made a new investment of approximately $6.72 million in BILL Holdings, purchasing 146,534 shares in the 1st quarter, which now comprises about 2.4% of their portfolio.
• BILL Holdings recently reported earnings of $0.53 per share, exceeding estimates, and projected earnings guidance for FY 2026 between $2.000 - $2.200 EPS.
• The company's Board of Directors authorized a $300 million stock buyback program, signifying management's belief that the stock is undervalued.

Harber Asset Management LLC acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 146,534 shares of the company's stock, valued at approximately $6,724,000. BILL comprises approximately 2.4% of Harber Asset Management LLC's investment portfolio, making the stock its 18th largest position. Harber Asset Management LLC owned approximately 0.14% of BILL as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in shares of 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 purchasing an additional 475,100 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 1,309,337 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of 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 during the last quarter. Two Sigma Advisers LP raised its holdings in shares of 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of BILL by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 850,800 shares of the company's stock valued at $39,043,000 after purchasing an additional 43,186 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on BILL shares. Evercore ISI reduced their target price on shares of BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a report on Thursday, August 28th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a report on Thursday, August 28th. Mizuho reduced their target price on shares of BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a report on Thursday, August 28th. Finally, Wells Fargo & Company reduced their target price on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Ten equities 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.50.

BILL Price Performance

Shares of NYSE:BILL traded down $0.63 during midday trading on Wednesday, reaching $46.10. 3,921,515 shares of the company were exchanged, compared to its average volume of 2,806,343. The company has a current ratio of 1.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $44.28 and its two-hundred day moving average is $45.41. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The stock 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.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The firm had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. BILL'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. As a group, analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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

Insider Transactions at BILL

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

BILL 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.