Rhumbline Advisers Sells 9,387 Shares of BILL Holdings, Inc. $BILL

Rhumbline Advisers lessened its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 255,970 shares of the company’s stock after selling 9,387 shares during the quarter. Rhumbline Advisers’ holdings in BILL were worth $11,841,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. AXQ Capital LP bought a new stake in BILL during the 2nd quarter valued at $1,247,000. Legal & General Group Plc raised its stake in shares of BILL by 2.2% during the second quarter. Legal & General Group Plc now owns 158,810 shares of the company’s stock valued at $7,347,000 after acquiring an additional 3,378 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of BILL during the second quarter valued at about $740,000. Telemark Asset Management LLC purchased a new stake in shares of BILL during the second quarter worth about $9,252,000. Finally, Prudential PLC bought a new stake in shares of BILL in the second quarter worth about $306,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Price Performance

BILL opened at $50.10 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -185.54, a price-to-earnings-growth ratio of 7.07 and a beta of 1.35. The stock has a fifty day simple moving average of $50.41 and a two-hundred day simple moving average of $47.07. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19.

BILL (NYSE:BILL) last released its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. BILL had a net margin of 0.79% and a return on equity of 1.39%. The firm had revenue of $395.74 million for the quarter, compared to the consensus estimate of $390.91 million. During the same period in the prior year, the firm earned $0.63 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.110-2.250 EPS. Q2 2026 guidance at 0.540-0.570 EPS. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL announced that its Board of Directors has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial lowered their price target on BILL from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. William Blair restated a “market perform” rating on shares of BILL in a report on Friday, November 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. The Goldman Sachs Group boosted their price objective on shares of BILL from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Citigroup raised shares of BILL to a “strong-buy” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average price target of $58.86.

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.