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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in BILL during the 4th quarter valued at $30,000. Fifth Third Bancorp increased its holdings in BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Quarry LP increased its holdings in BILL by 85.9% during the 1st quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after purchasing an additional 354 shares in the last quarter. Brooklyn Investment Group boosted its position 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 last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of BILL 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 transaction, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BILL. Wolfe Research upgraded BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research report on Thursday. Needham & Company LLC reiterated a "buy" rating and issued a $75.00 price objective on shares of BILL in a research report on Thursday, August 28th. Mizuho decreased their price objective on BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Truist Financial increased their price objective on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $75.00 price objective on shares of BILL in a research report on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $58.50.

BILL Trading Down 1.2%

BILL stock traded down $0.64 during midday trading on Friday, hitting $51.09. 1,969,932 shares of the company's stock were exchanged, compared to its average volume of 5,151,331. The stock's fifty day moving average price is $44.89 and its 200-day moving average price is $45.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $5.19 billion, a PE ratio of -319.26, a price-to-earnings-growth ratio of 14.81 and a beta of 1.37. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted 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 firm had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its board has authorized a stock buyback program on Wednesday, August 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are typically an indication 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.