Royal Bank of Canada Boosts Stake in BILL Holdings, Inc. $BILL

Key Points

• The Royal Bank of Canada increased its stake in BILL Holdings, Inc. by 262.5% during the first quarter, acquiring an additional 229,642 shares to hold a total of 317,138 shares valued at approximately $14.55 million.
• Insider Rajesh A. Aji sold 1,780 shares at an average price of $45.25, reducing his ownership by 16.07%, and now holds about $420,734 in shares.
• Analysts have mixed ratings on BILL, with ten analysts$59.50.

Royal Bank of Canada boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 262.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 317,138 shares of the company's stock after acquiring an additional 229,642 shares during the quarter. Royal Bank of Canada owned 0.31% of BILL worth $14,554,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in BILL by 3,947.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock worth $693,000 after buying an additional 14,725 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of BILL in the 1st quarter valued at approximately $570,000. Cetera Investment Advisers bought a new stake in shares of BILL in the 4th quarter valued at approximately $467,000. GAMMA Investing LLC raised its holdings 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 buying an additional 930 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of BILL by 145.6% in the first quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock worth $101,000 after buying an additional 1,306 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

Insider Activity

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 stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the transaction, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

BILL has been the topic of several research reports. Morgan Stanley downgraded BILL from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $60.00 to $55.00 in a report on Wednesday, June 11th. Truist Financial lifted their price target on BILL from $47.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird reduced their price objective on BILL from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Needham & Company LLC restated a "buy" rating and issued a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. Finally, Mizuho cut their price objective on BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $59.50.

BILL Stock Up 4.0%

Shares of NYSE BILL opened at $52.93 on Thursday. The stock has a market cap of $5.38 billion, a P/E ratio of -330.80, a PEG ratio of 14.58 and a beta of 1.37. The business's fifty day simple moving average is $44.75 and its 200-day simple moving average is $45.17. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted 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. The firm had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.BILL's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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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