Parnassus Investments LLC Acquires Shares of 333,734 BILL Holdings, Inc. $BILL

Key Points

• Parnassus Investments LLC acquired 333,734 shares of BILL Holdings, Inc., valued at approximately $15.3 million, increasing its stake to 0.33% of the company.
• BILL announced a $300 million stock buyback plan, indicating the board's belief that the stock is undervalued.
• In recent trading, BILL's shares decreased by 5.5%, with a current market cap of approximately $4.79 billion and a 52-week price range between $36.55 and $100.19.

Parnassus Investments LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 333,734 shares of the company's stock, valued at approximately $15,315,000. Parnassus Investments LLC owned approximately 0.33% of BILL as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BILL. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter worth $30,000. Fifth Third Bancorp boosted its position in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares during the last quarter. Brooklyn Investment Group boosted its position in BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after acquiring an additional 377 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BILL by 2,189.1% during the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after purchasing an additional 1,007 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of BILL by 303.9% during the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after purchasing an additional 930 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Down 5.5%

NYSE:BILL opened at $46.51 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.69 and a current ratio of 1.58. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -290.65, a price-to-earnings-growth ratio of 10.92 and a beta of 1.35. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The firm has a 50-day moving average price of $44.21 and a two-hundred day moving average price of $45.71.

BILL (NYSE:BILL - Get Free Report) last posted 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 during 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 for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BILL. Deutsche Bank Aktiengesellschaft began coverage on shares of BILL in a report on Thursday, July 17th. They set a "hold" rating and a $49.00 price objective on the stock. Piper Sandler lowered shares of BILL from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $70.00 to $50.00 in a report on Thursday. UBS Group upped their target price on shares of BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Mizuho lowered their target price on shares of BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, BMO Capital Markets lowered their target price on shares of BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a report on Thursday. Ten research 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. According to MarketBeat.com, BILL currently has an average rating of "Hold" and a consensus price target of $59.50.

Insider Buying and Selling

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the 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 completion of the sale, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

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.

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