Lecap Asset Management Ltd. Invests $868,000 in BILL Holdings, Inc. $BILL

Lecap Asset Management Ltd. purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,753 shares of the company’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contour Asset Management LLC purchased a new stake in BILL in the first quarter worth $65,783,000. Dimensional Fund Advisors LP boosted its stake in shares of BILL by 110.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock valued at $114,265,000 after purchasing 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 shares of 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 valued at $93,552,000 after buying an additional 1,165,398 shares during the period. Temasek Holdings Private Ltd raised its stake in BILL by 36.4% in 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 lifted its holdings in BILL by 68.2% in 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 during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Up 1.3%

NYSE:BILL opened at $54.42 on Friday. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of -340.12, a PEG ratio of 15.24 and a beta of 1.42. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average price is $46.76 and its 200-day moving average price is $45.57. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share 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 company had revenue of $383.35 million during the quarter, compared to analyst estimates of $376.43 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its board has initiated a stock buyback plan on Wednesday, August 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on BILL. Robert W. Baird decreased their price objective on BILL from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Wolfe Research upgraded shares of BILL from a “peer perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Thursday, September 11th. Keefe, Bruyette & Woods lifted their price target on shares of BILL from $46.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a $75.00 price objective on shares of BILL in a report on Thursday, August 28th. Finally, Truist Financial raised shares of BILL from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $63.00 in a research note on Friday, September 19th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BILL currently has an average rating of “Hold” and a consensus price target of $59.65.

About BILL

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.