Palogic Value Management L.P. Purchases New Stake in BILL Holdings, Inc. $BILL

Key Points

• Palogic Value Management L.P. has invested approximately $918,000 in BILL Holdings, Inc., acquiring 20,000 shares in the first quarter.
• BILL Holdings reported earnings of $0.53 per share, exceeding analyst estimates, with a revenue of $383.35 million, up 11.5% year-over-year.
• The company's Board has authorized a $300 million share repurchase plan, indicating a belief that its stock is 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 disclosure with the Securities and Exchange Commission. The firm acquired 20,000 shares of the company's stock, valued at approximately $918,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in BILL during the 4th quarter valued at about $30,000. 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 worth $34,000 after acquiring an additional 429 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after acquiring an additional 377 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of BILL by 2,189.1% in the first 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 last quarter. Finally, GAMMA Investing LLC raised its stake in shares of BILL by 303.9% in the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Stock Performance

Shares of BILL traded up $0.91 during trading hours on Thursday, hitting $47.03. The company had a trading volume of 1,068,614 shares, compared to its average volume of 2,795,054. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of -293.68, a PEG ratio of 10.30 and a beta of 1.37. The business has a fifty day moving average of $44.31 and a 200-day moving average of $45.41. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a quick ratio of 1.69, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.12. The company had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. The company's revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL declared that its board has initiated a stock repurchase program on Wednesday, August 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value 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 trade represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BILL shares. Evercore ISI dropped their target price on shares of BILL from $50.00 to $48.00 and set an "in-line" rating for the company in a research note on Thursday, August 28th. BMO Capital Markets lowered their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Morgan Stanley cut shares of BILL from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $60.00 to $55.00 in a research report on Wednesday, June 11th. Citigroup decreased their price objective on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, UBS Group boosted their price objective on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BILL presently has an average rating of "Hold" and an average target price of $59.50.

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.