Siren L.L.C. Purchases New Stake in BILL Holdings, Inc. $BILL

Key Points

• Siren L.L.C. has invested approximately $1.31 million in BILL Holdings, acquiring 28,500 shares in the first quarter.
• BILL Holdings has recently announced a $300 million share buyback plan, indicating management's belief that the stock is undervalued.
• The company's stock rose 18.5%, and it reported $0.53 EPS for the latest quarter, beating analysts' expectations.

Siren L.L.C. bought a new stake in 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 28,500 shares of the company's stock, valued at approximately $1,308,000.

Several other institutional investors have also recently bought and sold shares of BILL. State of Wyoming bought a new position in BILL in the 1st quarter valued at approximately $62,000. Landscape Capital Management L.L.C. lifted its stake in shares of BILL by 2,500.6% in the 1st quarter. Landscape Capital Management L.L.C. now owns 109,926 shares of the company's stock valued at $5,045,000 after acquiring an additional 105,699 shares during the last quarter. Beck Bode LLC acquired a new stake in shares of BILL during the 1st quarter valued at $284,000. Eisler Capital Management Ltd. acquired a new stake in shares of BILL during the 1st quarter valued at $6,020,000. Finally, B. Metzler seel. Sohn & Co. AG grew its position in BILL by 48.9% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 68,514 shares of the company's stock worth $3,144,000 after acquiring an additional 22,493 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Up 0.6%

BILL stock traded up $0.27 during trading hours on Tuesday, reaching $46.69. 4,906,263 shares of the company's stock were exchanged, compared to its average volume of 2,789,863. The firm's 50 day simple moving average is $44.26 and its 200 day simple moving average is $45.40. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.75 billion, a PE ratio of -291.79, a PEG ratio of 10.30 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 for the quarter, beating the consensus estimate of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The company had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. During the same quarter in the previous year, the business posted $0.57 EPS. BILL's revenue for the quarter was up 11.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL announced that its Board of Directors has initiated a share buyback program on Wednesday, August 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on BILL. Morgan Stanley cut BILL from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $60.00 to $55.00 in a report on Wednesday, June 11th. Evercore ISI reduced their target price on shares of BILL from $50.00 to $48.00 and set an "in-line" rating on the stock in a report on Thursday, August 28th. Wells Fargo & Company dropped their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL in a research note on Thursday, July 17th. They issued a "hold" rating and a $49.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price on BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $59.50.

Insider Activity

In related news, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction on 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 of the company's stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

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.