Strs Ohio Purchases Shares of 237,351 BILL Holdings, Inc. $BILL

Key Points

• Strs Ohio has acquired a new position in BILL Holdings, Inc. by purchasing 237,351 shares valued at approximately $10.89 million, representing around 0.23% of the company's stock.
• BILL reported a quarterly EPS of $0.53, exceeding analysts' estimates of $0.41, with revenue of $383.35 million during the same period, indicating a year-over-year revenue increase of 11.5%.
• The company has authorized a $300 million share repurchase program, signaling management's confidence in the stock's valuation.

Strs Ohio acquired a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 237,351 shares of the company's stock, valued at approximately $10,892,000. Strs Ohio owned approximately 0.23% of BILL as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of BILL by 230.4% during the 1st quarter. Acadian Asset Management LLC now owns 38,237 shares of the company's stock worth $1,754,000 after purchasing an additional 26,664 shares during the period. Plato Investment Management Ltd boosted its stake in shares of BILL by 234.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,630 shares of the company's stock worth $76,000 after purchasing an additional 1,142 shares during the period. Bayforest Capital Ltd boosted its stake in shares of BILL by 265.4% during the 1st quarter. Bayforest Capital Ltd now owns 6,164 shares of the company's stock worth $283,000 after purchasing an additional 4,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of BILL by 133.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company's stock worth $93,552,000 after purchasing an additional 1,165,398 shares during the period. Finally, Palogic Value Management L.P. purchased a new position in shares of BILL during the 1st quarter worth about $918,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company's stock.

BILL Stock Down 0.4%

Shares of NYSE:BILL traded down $0.19 during trading hours on Tuesday, hitting $51.39. The company's stock had a trading volume of 2,955,933 shares, compared to its average volume of 2,898,346. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. 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 company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -321.17, a P/E/G ratio of 14.63 and a beta of 1.37. The firm's fifty day moving average price is $44.97 and its 200 day moving average price is $44.99.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly 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. BILL had a net margin of 1.63% and a return on equity of 1.16%. The business 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. The company's quarterly revenue 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. As a group, research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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

Analyst Ratings Changes

BILL has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $55.00 price target on shares of BILL in a research note on Thursday, August 28th. Piper Sandler cut shares of BILL from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $70.00 to $50.00 in a research note on Thursday, August 28th. BMO Capital Markets dropped their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Citigroup dropped their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, 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 for the company. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.50.

BILL 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.