Mirae Asset Global Investments Co. Ltd. Has $38,000 Holdings in BILL Holdings, Inc. $BILL

Key Points

• Mirae Asset Global Investments reduced its holdings in BILL Holdings by 94.5%, owning just 823 shares valued at $38,000 after selling 14,275 shares in Q2.
• BILL's recent earnings report showed a beat in EPS at $0.53 compared to the estimated $0.41, with revenue also exceeding expectations at $383.35 million.
• The company announced a $300 million stock buyback plan, indicating a belief that its stock is undervalued, while several analysts have raised their price targets for BILL shares.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 94.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823 shares of the company's stock after selling 14,275 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in BILL were worth $38,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BILL. Fifth Third Bancorp grew its position in shares of BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares in the last quarter. Quarry LP grew its position in shares of BILL by 85.9% during the 1st quarter. Quarry LP now owns 766 shares of the company's stock worth $35,000 after purchasing an additional 354 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of BILL by 73.6% during the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after acquiring an additional 377 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of BILL by 2,189.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock worth $48,000 after acquiring an additional 1,007 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of BILL by 283.3% during the 2nd quarter. UMB Bank n.a. now owns 1,215 shares of the company's stock worth $56,000 after acquiring an additional 898 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Price Performance

Shares of NYSE:BILL opened at $49.44 on Monday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -308.98, a PEG ratio of 13.17 and a beta of 1.42. 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 firm has a 50 day simple moving average of $47.66 and a 200 day simple moving average of $45.67. 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 issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. The business had revenue of $383.35 million during 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%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BILL shares. Truist Financial raised shares of BILL from a "hold" rating to a "buy" rating and upped their price target for the stock from $50.00 to $63.00 in a report on Friday, September 19th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of BILL in a report on Thursday, July 17th. They set a "hold" rating and a $49.00 price target for the company. Oppenheimer reaffirmed an "outperform" rating and set a $55.00 price target on shares of BILL in a report on Thursday, August 28th. Finally, BMO Capital Markets cut their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, BILL currently has a consensus rating of "Hold" and an average price target of $59.65.

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.

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