Northern Trust Corp Has $36.02 Million Holdings in BILL Holdings, Inc. $BILL

Key Points

• Northern Trust Corp has reduced its stake in BILL Holdings, Inc. by 5.3%, now holding 784,999 shares valued at approximately $36 million.
• Investment analysts have varied opinions on BILL, with Keefe, Bruyette & Woods lowering their target price to $46, while Needham & Company maintains a buy rating with a target of $75.
• BILL Holdings has initiated a $300 million share repurchase plan, indicating the board's belief that the stock is undervalued.

Northern Trust Corp cut its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 5.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 784,999 shares of the company's stock after selling 43,587 shares during the quarter. Northern Trust Corp owned 0.77% of BILL worth $36,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in BILL during the 4th quarter worth approximately $30,000. Fifth Third Bancorp boosted its holdings 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 last quarter. Brooklyn Investment Group grew its position in BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after purchasing an additional 377 shares in the last quarter. Farther Finance Advisors LLC increased its stake 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. Finally, GAMMA Investing LLC increased its stake in BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after buying an additional 930 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on BILL shares. Piper Sandler downgraded shares of BILL from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $50.00 in a research note on Thursday, August 28th. Citigroup dropped their target price on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Evercore ISI decreased their price target on BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a research note on Thursday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 price target on shares of BILL in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $75.00 price objective on shares of BILL in a research note on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BILL has a consensus rating of "Hold" and an average target price of $59.50.

BILL Stock Performance

BILL traded up $0.59 during trading hours on Thursday, reaching $46.71. The company's stock had a trading volume of 4,215,369 shares, compared to its average volume of 4,537,597. 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's 50-day moving average is $44.34 and its 200-day moving average is $45.32. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The firm has a market cap of $4.75 billion, a PE ratio of -291.89, a price-to-earnings-growth ratio of 12.46 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last released 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 firm had revenue of $383.35 million for 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 company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its Board of Directors has authorized a share buyback program on Wednesday, August 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy 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 shares are undervalued.

Insiders Place Their Bets

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate 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.