Jacobs Levy Equity Management Inc. Buys Shares of 26,310 BILL Holdings, Inc. $BILL

Key Points

• Jacobs Levy Equity Management Inc. has acquired 26,310 shares of BILL Holdings, Inc., worth approximately $1.2 million, reflecting growing interest from institutional investors, who now hold nearly 98% of the company's stock.
• BILL Holdings recently reported Q2 earnings of $0.53 EPS, exceeding the consensus estimate of $0.41, with a revenue increase of 11.5% year-over-year.
• The company's board has authorized a $300 million share buyback program, indicating confidence in the stock's valuation amidst recent trading fluctuations.

Jacobs Levy Equity Management Inc. bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,310 shares of the company's stock, valued at approximately $1,207,000.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in shares of BILL in the fourth quarter valued at about $30,000. Fifth Third Bancorp lifted its position in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares during the period. Quarry LP lifted its position in BILL by 85.9% during the first quarter. Quarry LP now owns 766 shares of the company's stock worth $35,000 after purchasing an additional 354 shares during the period. Brooklyn Investment Group lifted its position in BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after purchasing an additional 377 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in BILL by 2,189.1% during the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock worth $48,000 after purchasing an additional 1,007 shares during the period. Institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BILL shares. Mizuho cut their price objective on shares of BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, August 28th. BMO Capital Markets cut their price objective on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 price objective on shares of BILL in a research report on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and set a $55.00 price objective on shares of BILL in a research report on Thursday, August 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BILL from $54.00 to $46.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BILL has an average rating of "Hold" and an average target price of $58.50.

Insiders Place Their Bets

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 value of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company's stock.

BILL Price Performance

NYSE BILL traded up $0.45 during trading hours on Wednesday, reaching $51.82. The company's stock had a trading volume of 3,549,518 shares, compared to its average volume of 5,015,038. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -323.85, a P/E/G ratio of 14.71 and a beta of 1.37. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-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 company's 50-day moving average is $45.11 and its two-hundred day moving average is $45.08.

BILL (NYSE:BILL - Get Free Report) last released its quarterly 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. The company had revenue of $383.35 million during the quarter, compared to analysts' expectations of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.BILL's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its board has authorized a share repurchase program on Wednesday, August 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

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.