State of New Jersey Common Pension Fund D Raises Stock Holdings in BILL Holdings, Inc. $BILL

State of New Jersey Common Pension Fund D increased its position in BILL Holdings, Inc. (NYSE:BILL) by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,757 shares of the company’s stock after purchasing an additional 6,435 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BILL were worth $1,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its stake in BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company’s stock worth $35,000 after purchasing an additional 354 shares during the period. Brooklyn Investment Group grew its stake in BILL by 73.6% in the first 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. UMB Bank n.a. grew its stake in BILL by 283.3% in the second quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock worth $56,000 after purchasing an additional 898 shares during the period. GAMMA Investing LLC grew its stake in BILL by 303.9% in the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company’s stock worth $57,000 after purchasing an additional 930 shares during the period. Finally, Blue Trust Inc. grew its stake in BILL by 102.7% in the second quarter. Blue Trust Inc. now owns 1,261 shares of the company’s stock worth $58,000 after purchasing an additional 639 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Down 0.3%

BILL stock opened at $48.99 on Friday. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The business has a fifty day moving average price of $50.34 and a 200-day moving average price of $46.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $4.92 billion, a P/E ratio of -306.19, a P/E/G ratio of 12.90 and a beta of 1.42.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.12. BILL had a return on equity of 1.16% and a net margin of 1.63%.The firm had revenue of $383.35 million during the quarter, compared to analysts’ expectations of $376.43 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’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 forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL declared that its board has authorized a stock buyback program on Wednesday, August 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on BILL. Keefe, Bruyette & Woods upped their price target on BILL from $46.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 1st. Robert W. Baird reduced their price target on BILL from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Truist Financial lowered their price objective on BILL from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Citigroup upgraded BILL to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, BMO Capital Markets lowered their price objective on BILL from $52.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.10.

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.