110,266 Shares in BILL Holdings, Inc. $BILL Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the second quarter, Holdings Channel reports. The fund bought 110,266 shares of the company’s stock, valued at approximately $3,987,000.

A number of other institutional investors have also recently added to or reduced their stakes in BILL. Empowered Funds LLC increased its position in shares of BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after acquiring an additional 2,678 shares in the last quarter. Prudential Financial Inc. grew its holdings in BILL by 19.6% during the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after acquiring an additional 1,637 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of BILL by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock valued at $7,748,000 after buying an additional 3,602 shares during the period. AXA S.A. boosted its position in BILL by 121.7% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock valued at $2,699,000 after purchasing an additional 32,024 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of BILL during the second quarter worth about $1,624,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL stock opened at $49.11 on Friday. 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 firm has a market cap of $4.19 billion, a P/E ratio of -377.77, a P/E/G ratio of 0.76 and a beta of 1.10. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The business’s fifty day moving average is $45.47 and its two-hundred day moving average is $40.96.

BILL (NYSE:BILL) last released its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company had revenue of $436.19 million during the quarter, compared to analysts’ expectations of $430.55 million. During the same period last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. 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 research analysts forecast that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rene A. Lacerte sold 42,248 shares of BILL stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the completion of the transaction, the chief executive officer owned 163,125 shares of the company’s stock, valued at $8,183,981.25. This trade represents a 20.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider directly owned 997 shares in the company, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 267,997 shares of company stock worth $13,057,984. 13.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Wolfe Research lifted their price objective on shares of BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. decreased their price objective on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Morgan Stanley lifted their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 20th. Finally, Truist Financial lifted their target price on BILL from $44.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.67.

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