Wellington Management Group LLP Cuts Stock Holdings in BILL Holdings, Inc. $BILL

Wellington Management Group LLP reduced its stake in BILL Holdings, Inc. (NYSE:BILL) by 13.1% during the second quarter, HoldingsChannel.com reports. The fund owned 3,562,810 shares of the company’s stock after selling 534,853 shares during the quarter. Wellington Management Group LLP’s holdings in BILL were worth $128,831,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings in shares of BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after purchasing an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of BILL in the fourth quarter worth about $28,000. State of Wyoming purchased a new stake in shares of BILL in the first quarter worth about $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after buying an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Activity

In related news, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the transaction, the insider directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. The trade was a 91.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 13.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BILL. BTIG Research reaffirmed a “buy” rating and issued a $60.00 price objective on shares of BILL in a research note on Thursday, August 20th. UBS Group raised their target price on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Needham & Company LLC restated a “buy” rating on shares of BILL in a research report on Thursday, August 20th. TD Cowen assumed coverage on shares of BILL in a research note on Monday, June 22nd. They set a “buy” rating and a $43.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.67.

BILL Price Performance

Shares of BILL stock opened at $47.57 on Wednesday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -365.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50 day moving average price of $44.54 and a 200-day moving average price of $40.86. BILL Holdings, Inc. has a one year low of $31.41 and a one year high of $57.21.

BILL (NYSE:BILL) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.BILL’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities analysts expect that BILL Holdings, Inc. will post 2.17 EPS for the current year.

BILL 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. It also offers onboarding implementation support, and ongoing support and training services.