Vident Advisory LLC Purchases 5,510 Shares of BILL Holdings, Inc. $BILL

Key Points

• Vident Advisory LLC has significantly increased its holdings in BILL Holdings, Inc. by 166.3%, bringing its total investment to $405,000 after acquiring additional shares in the first quarter.
• BILL Holdings reported a quarterly earnings of $0.53 per share, exceeding analysts' expectations, and highlighted a 11.5% increase in revenue year-over-year.
• The company's Board of Directors has authorized a $300 million share repurchase plan, indicating a belief that the stock is undervalued.

Vident Advisory LLC lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 166.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,824 shares of the company's stock after acquiring an additional 5,510 shares during the quarter. Vident Advisory LLC's holdings in BILL were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised 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 acquiring an additional 14,725 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BILL during the first quarter worth about $570,000. Cetera Investment Advisers bought a new position in shares of BILL during the fourth quarter worth about $467,000. GAMMA Investing LLC raised its position in shares of BILL by 303.9% during the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in BILL by 145.6% during 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 last quarter. 97.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BILL

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the firm's 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 transaction, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on BILL. BMO Capital Markets cut their price target on shares of BILL from $52.00 to $50.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Citigroup cut their price target 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. Mizuho cut their price target on shares of BILL from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Evercore ISI cut their price target on shares of BILL from $50.00 to $48.00 and set an "in-line" rating on the stock in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $75.00 price target on shares of BILL 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 stock. According to MarketBeat.com, BILL presently has a consensus rating of "Hold" and a consensus price target of $59.50.

BILL Stock Up 4.0%

Shares of BILL stock traded up $2.01 during trading hours on Wednesday, reaching $52.93. The company's stock had a trading volume of 7,720,789 shares, compared to its average volume of 2,891,494. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a market capitalization of $5.38 billion, a P/E ratio of -330.80, a P/E/G ratio of 14.38 and a beta of 1.37. The stock's fifty day simple moving average is $44.63 and its two-hundred day simple moving average is $45.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58.

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 analysts' consensus estimates of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The firm had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. During the same period last year, the firm earned $0.57 earnings per share. The business'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. On average, research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its board has authorized a share repurchase plan on Wednesday, August 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.