The Manufacturers Life Insurance Company Invests $2.22 Million in BILL Holdings, Inc. $BILL

The Manufacturers Life Insurance Company acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 61,452 shares of the company’s stock, valued at approximately $2,222,000. The Manufacturers Life Insurance Company owned 0.06% of BILL at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in BILL by 21.8% during the fourth quarter. UMB Bank n.a. now owns 1,336 shares of the company’s stock valued at $73,000 after buying an additional 239 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in BILL by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company’s stock valued at $693,000 after buying an additional 300 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock worth $1,165,000 after acquiring an additional 327 shares during the period. SBI Securities Co. Ltd. raised its position in shares of BILL by 46.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after acquiring an additional 401 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after acquiring an additional 430 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. Jefferies Financial Group increased their price target on BILL from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Oppenheimer set a $55.00 target price on BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

BILL Stock Up 2.4%

Shares of BILL opened at $48.78 on Thursday. BILL Holdings, Inc. has a one year low of $31.41 and a one year high of $57.21. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -375.20, a PEG ratio of 0.71 and a beta of 1.10. The stock has a 50 day moving average price of $44.85 and a 200 day moving average price of $40.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. During the same period last year, the firm posted $0.53 earnings per share. The company’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.

Insider Buying and Selling at BILL

In other news, 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 transaction of $528,344.02. Following the transaction, the insider directly owned 997 shares in the company, valued at $48,982.61. The trade was a 91.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. 13.20% of the stock is currently owned by corporate insiders.

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