TD Asset Management Inc Takes $640,000 Position in BILL Holdings, Inc. $BILL

Key Points

• TD Asset Management Inc. acquired a new stake in BILL Holdings, Inc., investing approximately $640,000 for 13,828 shares during the second quarter.
• BILL Holdings recently initiated a $300 million share repurchase program, indicating management's belief that its shares are undervalued.
• Analysts have varying projections for BILL's stock price, with an average target of $59.95 based on ratings from eleven Buy, nine Hold, and two Sell ratings.

TD Asset Management Inc bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,828 shares of the company's stock, valued at approximately $640,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC lifted its holdings in BILL by 21.8% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 45,414 shares of the company's stock valued at $2,101,000 after purchasing an additional 8,131 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in BILL by 230.4% in the 1st quarter. Acadian Asset Management LLC now owns 38,237 shares of the company's stock valued at $1,754,000 after purchasing an additional 26,664 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in BILL in the 1st quarter valued at $1,207,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in BILL by 3,947.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock valued at $693,000 after purchasing an additional 14,725 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in BILL in the 1st quarter valued at $570,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Stock Down 0.0%

Shares of BILL opened at $50.69 on Friday. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The company has a market capitalization of $5.15 billion, a PE ratio of -316.80, a price-to-earnings-growth ratio of 13.53 and a beta of 1.42. The stock has a fifty day simple moving average of $49.46 and a two-hundred day simple moving average of $46.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. The firm had revenue of $383.35 million during the quarter, compared to the consensus estimate of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company 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. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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

Wall Street Analysts Forecast Growth

BILL has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on BILL from $46.00 to $56.00 and gave the company a "market perform" rating in a report on Wednesday, October 1st. Wolfe Research upgraded BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a report on Thursday, September 11th. Needham & Company LLC restated a "buy" rating and issued a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. Citigroup started coverage on BILL in a research note on Wednesday. They issued a "buy" rating and a $71.00 target price for the company. Finally, Robert W. Baird cut their target price on BILL from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.95.

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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