Royal Bank of Canada Purchases 229,642 Shares of 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 grew 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 Securities & Exchange Commission. The institutional investor owned 317,138 shares of the company's stock after purchasing an additional 229,642 shares during the period. Royal Bank of Canada owned approximately 0.31% of BILL worth $14,554,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BILL. CoreCap Advisors LLC bought a new position in BILL during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp raised its holdings in shares of BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after acquiring an additional 429 shares in the last quarter. Quarry LP boosted its position in shares of BILL by 85.9% during the 1st quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after acquiring an additional 354 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after purchasing an additional 377 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in 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 purchasing an additional 1,007 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Trading Down 0.4%

Shares of BILL traded down $0.19 during mid-day trading on Tuesday, reaching $51.39. 2,955,933 shares of the company's stock traded hands, compared to its average volume of 5,054,136. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. The stock's 50-day moving average is $45.03 and its two-hundred day moving average is $45.04. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock has a market cap of $5.22 billion, a P/E ratio of -321.17, a P/E/G ratio of 14.77 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $383.35 million during the quarter, compared to analysts' expectations of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.BILL's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BILL in a research report on Thursday, July 17th. They set a "hold" rating and a $49.00 price objective for the company. Citigroup decreased their target price on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Wolfe Research upgraded BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Thursday, September 11th. Oppenheimer restated an "outperform" rating and set a $55.00 price objective on shares of BILL in a research report on Thursday, August 28th. Finally, Piper Sandler cut BILL from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Ten research 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 MarketBeat, the company has an average rating of "Hold" and an average price target of $58.50.

Insider Activity at BILL

In related 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 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 SEC, which is accessible through the SEC website. Insiders own 4.20% of the company's stock.

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.