State of Alaska Department of Revenue Reduces Stake in BILL Holdings, Inc. $BILL

State of Alaska Department of Revenue reduced its stake in BILL Holdings, Inc. (NYSE:BILL) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,720 shares of the company’s stock after selling 265 shares during the quarter. State of Alaska Department of Revenue’s holdings in BILL were worth $495,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Xponance Inc. grew its holdings in BILL by 1.6% in the 1st quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after buying an additional 222 shares in the last quarter. Quarry LP grew its holdings in BILL by 85.9% in the 1st quarter. Quarry LP now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 354 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of BILL by 73.6% during the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after purchasing an additional 377 shares during the period. Fifth Third Bancorp grew its holdings in shares of BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares during the period. Finally, Shepherd Financial Partners LLC grew its holdings in shares of BILL by 2.7% during the 1st quarter. Shepherd Financial Partners LLC now owns 17,367 shares of the company’s stock worth $797,000 after purchasing an additional 450 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

Shares of BILL stock opened at $52.13 on Thursday. The business has a 50-day moving average of $47.35 and a 200 day moving average of $45.71. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -325.79, a price-to-earnings-growth ratio of 14.08 and a beta of 1.42. 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) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $383.35 million for the quarter, compared to analyst estimates of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.BILL’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter 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, sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL announced that its board has initiated a share repurchase plan on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho lowered their price target on BILL from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of BILL in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft assumed coverage on BILL in a report on Thursday, July 17th. They set a “hold” rating and a $49.00 price target for the company. Evercore ISI lowered their price target on BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a report on Thursday, August 28th. Finally, Robert W. Baird lowered their price target on BILL from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.65.

BILL Company 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.