VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in BILL Holdings, Inc. $BILL

Key Points

• Virginia Retirement Systems purchased 19,100 shares of BILL Holdings, Inc., valued at approximately $884,000, as part of their new investment made in the 2nd quarter.
• BILL reported earnings of $0.53 EPS for the last quarter, exceeding analysts' expectations of $0.41, and had a revenue of $383.35 million.
• The company announced a $300 million stock buyback program, indicating that the board believes its stock may be undervalued.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,100 shares of the company's stock, valued at approximately $884,000.

Several other hedge funds also recently bought and sold shares of BILL. Contour Asset Management LLC purchased a new position in BILL during the first quarter worth $65,783,000. Dimensional Fund Advisors LP increased its position in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock worth $114,265,000 after buying an additional 1,309,337 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in BILL by 133.5% during the first 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 buying an additional 1,165,398 shares in the last quarter. Temasek Holdings Private Ltd increased its position in BILL by 36.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company's stock worth $170,706,000 after buying an additional 992,591 shares in the last quarter. Finally, Greenhouse Funds LLLP increased its position in BILL by 68.2% during the first quarter. Greenhouse Funds LLLP now owns 2,348,766 shares of the company's stock worth $107,785,000 after buying an additional 952,149 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Trading Down 0.0%

Shares of BILL opened at $50.69 on Friday. The stock's 50-day moving average is $49.46 and its two-hundred day moving average is $46.07. The stock has a market cap of $5.15 billion, a PE ratio of -316.80, a P/E/G ratio of 13.53 and a beta of 1.42. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month 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.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. The company had revenue of $383.35 million for 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%.The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its board has approved a stock buyback program on Wednesday, August 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their price objective 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. Wolfe Research raised BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Thursday, September 11th. The Goldman Sachs Group lifted their price objective on BILL from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Piper Sandler downgraded BILL from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $70.00 to $50.00 in a research report on Thursday, August 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on BILL in a research report on Thursday, July 17th. They issued a "hold" rating and a $49.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, BILL presently has an average rating of "Hold" and an average target price of $59.95.

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.

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