Mirae Asset Global Investments Co. Ltd. Has $38,000 Stock Position in BILL Holdings, Inc. $BILL

Mirae Asset Global Investments Co. Ltd. reduced its holdings in BILL Holdings, Inc. (NYSE:BILL) by 94.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 823 shares of the company’s stock after selling 14,275 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BILL were worth $38,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. Quarry LP increased its position 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 acquiring an additional 354 shares during the period. Brooklyn Investment Group increased its position in shares of BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after buying an additional 377 shares during the period. Farther Finance Advisors LLC increased its position in shares of BILL by 2,189.1% during the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company’s stock worth $48,000 after buying an additional 1,007 shares during the period. Finally, UMB Bank n.a. increased its position in shares of BILL by 283.3% during the second quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock worth $56,000 after buying an additional 898 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Down 3.2%

NYSE:BILL opened at $49.44 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of -308.98, a PEG ratio of 13.17 and a beta of 1.42. The firm has a fifty day simple moving average of $47.66 and a two-hundred day simple moving average of $45.67. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The business had revenue of $383.35 million during the quarter, compared to analysts’ expectations of $376.43 million. BILL had a net margin of 1.63% and a return on equity of 1.16%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company 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. Analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL announced that its board has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BILL shares. Keefe, Bruyette & Woods increased their price objective on shares of BILL from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of BILL in a research report on Thursday, July 17th. They set a “hold” rating and a $49.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and set a $75.00 price objective on shares of BILL in a research report on Thursday, August 28th. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of BILL in a research report on Thursday, August 28th. 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, BILL currently has a consensus rating of “Hold” and an average target price 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.