Lecap Asset Management Ltd. Makes New $868,000 Investment in BILL Holdings, Inc. $BILL

Key Points

• Lecap Asset Management Ltd. invested $868,000 in BILL Holdings, acquiring 18,753 shares of the company during the second quarter.
• BILL Holdings reported a quarterly EPS of $0.53, exceeding analysts' expectations, with revenue rising 11.5% year-over-year to $383.35 million.
• The company announced a stock repurchase program, authorizing the buyback of up to $300 million of its stock, indicating management believes shares are undervalued.

Lecap Asset Management Ltd. bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,753 shares of the company's stock, valued at approximately $868,000.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after buying an additional 429 shares during the period. Quarry LP boosted its stake in BILL by 85.9% in the 1st 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 grew its holdings in BILL by 73.6% during 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of BILL by 2,189.1% during the first 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 period. Finally, UMB Bank n.a. increased its position in shares of BILL by 283.3% during the second quarter. UMB Bank n.a. now owns 1,215 shares of the company's stock valued at $56,000 after buying an additional 898 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Trading Up 1.3%

Shares of BILL opened at $54.42 on Friday. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of -340.12, a PEG ratio of 15.24 and a beta of 1.42. The firm has a 50 day moving average price of $46.76 and a 200-day moving average price of $45.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.53 EPS 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 company had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. During the same quarter last year, the company earned $0.57 EPS. The firm's revenue 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. As a group, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its board has initiated a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BILL. Mizuho decreased their target price on shares of BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. BMO Capital Markets decreased their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a report on Thursday, August 28th. Oppenheimer reissued an "outperform" rating and set a $55.00 price objective on shares of BILL in a research note on Thursday, August 28th. Keefe, Bruyette & Woods upped their target price on BILL from $46.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Truist Financial raised BILL from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $50.00 to $63.00 in a report on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $59.65.

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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