Scientech Research LLC Purchases New Position in BILL Holdings, Inc. $BILL

Key Points

• Scientech Research LLC has acquired a new position in BILL Holdings, Inc., purchasing 12,949 shares valued at approximately $594,000 in the first quarter.
• Notable increases in holdings were made by Mirae Asset Global Investments, which raised its position by 3,947.7%, now owning 15,098 shares worth $693,000.
• BILL recently declared a $300 million share repurchase plan, indicating confidence in the company's stock value after reporting a revenue increase of 11.5% year-over-year.

Scientech Research LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,949 shares of the company's stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of BILL by 3,947.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock worth $693,000 after purchasing an additional 14,725 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BILL in the first quarter valued at approximately $570,000. Cetera Investment Advisers acquired a new stake in shares of BILL in the fourth quarter valued at approximately $467,000. GAMMA Investing LLC boosted 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 valued at $57,000 after acquiring an additional 930 shares during the period. Finally, Asset Management One Co. Ltd. boosted 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 valued at $101,000 after acquiring an additional 1,306 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BILL. Mizuho decreased their price objective on BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Piper Sandler downgraded BILL from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $70.00 to $50.00 in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft began coverage on BILL in a report on Thursday, July 17th. They issued a "hold" rating and a $49.00 price objective for the company. BMO Capital Markets decreased their price objective on BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $55.00 price objective on shares of BILL in a report on Thursday, August 28th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.50.

BILL Price Performance

Shares of NYSE BILL opened at $50.04 on Tuesday. 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 has a fifty day moving average price of $44.53 and a 200 day moving average price of $45.08. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a market cap of $5.09 billion, a PE ratio of -312.76, a P/E/G ratio of 14.76 and a beta of 1.37.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.12. The firm 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 prior year, the business 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. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL declared that its Board of Directors has authorized a share repurchase 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 usually an indication that the company's leadership believes its stock is undervalued.

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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