Palogic Value Management L.P. Buys New Position in BILL Holdings, Inc. $BILL

Key Points

• Palogic Value Management L.P. has acquired a new position in BILL Holdings, Inc., purchasing 20,000 shares valued at approximately $918,000 during the first quarter.
• Several hedge funds increased their stakes in BILL, with a reported 97.99% of the stock owned by institutional investors.
• BILL Holdings has announced a $300 million share repurchase plan, indicating a belief from its board that the stock may be undervalued.

Palogic Value Management L.P. purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the company's stock, valued at approximately $918,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company's stock worth $367,000 after purchasing an additional 2,678 shares during the period. United Services Automobile Association purchased a new stake in BILL in the first quarter worth $287,000. Clearline Capital LP purchased a new stake in BILL in the first quarter worth $15,950,000. Temasek Holdings Private Ltd grew its stake in BILL by 36.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company's stock worth $170,706,000 after purchasing an additional 992,591 shares during the period. Finally, Scientech Research LLC purchased a new stake in BILL in the first quarter worth $594,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BILL. Evercore ISI reduced their price target on BILL from $50.00 to $48.00 and set an "in-line" rating on the stock in a research note on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $55.00 price target on shares of BILL in a research note on Thursday, August 28th. Robert W. Baird reduced their price target on BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Citigroup reduced their price target on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Finally, Mizuho cut their target price on BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.50.

BILL Trading Down 2.9%

Shares of NYSE:BILL opened at $50.04 on Tuesday. The company has a market cap of $5.09 billion, a P/E ratio of -312.76, a PEG ratio of 14.76 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The stock's fifty day moving average price is $44.53 and its 200-day moving average price is $45.08.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 1.16% and a net margin of 1.63%.The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its Board of Directors has initiated a share repurchase plan 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 shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction on 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 of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

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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