Allspring Global Investments Holdings LLC Decreases Holdings in BILL Holdings, Inc. $BILL

Allspring Global Investments Holdings LLC trimmed its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,222 shares of the company’s stock after selling 225 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BILL were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC boosted its position in BILL by 21.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 45,414 shares of the company’s stock worth $2,101,000 after purchasing an additional 8,131 shares during the period. Acadian Asset Management LLC boosted its position 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 buying an additional 26,664 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in BILL in the 1st quarter valued at about $1,207,000. Mirae Asset Global Investments Co. Ltd. boosted its position 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 buying an additional 14,725 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in BILL in the 1st quarter valued at about $287,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of 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 shares of 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. Citigroup raised shares of BILL to a “strong-buy” rating in a research report on Thursday. Mizuho decreased their price objective on shares of BILL from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. Finally, Evercore ISI reduced 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.10.

BILL Stock Performance

Shares of BILL stock opened at $51.21 on Friday. 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 Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company’s 50-day simple moving average is $49.67 and its 200-day simple moving average is $46.16. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of -320.02, a PEG ratio of 13.55 and a beta of 1.42.

BILL (NYSE:BILL) last issued its earnings results 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. 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 analysts’ expectations of $376.43 million. During the same quarter last year, the company posted $0.57 earnings per share. BILL’s revenue was up 11.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL announced that its Board of Directors has initiated a stock 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 reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.