20,000 Shares in BILL Holdings, Inc. $BILL Purchased by Palogic Value Management L.P.

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. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $918,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its stake in BILL by 50.3% during the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company's stock worth $367,000 after buying an additional 2,678 shares during the last quarter. United Services Automobile Association bought a new position in shares of BILL in the first quarter worth $287,000. Clearline Capital LP bought a new position in shares of BILL in the first quarter worth $15,950,000. Temasek Holdings Private Ltd grew its stake in shares of 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 in the last quarter. Finally, Scientech Research LLC bought a new position in shares of BILL in the first quarter worth $594,000. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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. Oppenheimer reissued an "outperform" rating and issued a $55.00 price target on shares of BILL in a research note on Thursday, August 28th. Mizuho decreased their price target on BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Robert W. Baird decreased their target price on BILL from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Finally, Piper Sandler cut BILL from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $70.00 to $50.00 in a research note on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.50.

BILL Price Performance

BILL stock traded down $0.64 during trading hours on Friday, hitting $51.09. 1,969,932 shares of the stock traded hands, compared to its average volume of 5,151,331. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a market cap of $5.19 billion, a P/E ratio of -319.26, a P/E/G ratio of 14.81 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $44.89 and a 200 day simple moving average of $45.08.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. BILL had a return on equity of 1.16% and a net margin of 1.63%.The business had revenue of $383.35 million during the quarter, compared to the consensus estimate of $376.43 million. During the same period in the prior year, the business posted $0.57 earnings per share. BILL'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. Equities analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at BILL

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 completion of the sale, 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 at the SEC website. 4.20% of the stock is currently owned by corporate insiders.

About BILL

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.