Rene Lacerte Sells 42,248 Shares of BILL (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) CEO Rene Lacerte sold 42,248 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. This represents a 20.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BILL Trading Down 3.4%

Shares of BILL opened at $49.11 on Friday. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.19 billion, a P/E ratio of -377.77, a PEG ratio of 0.74 and a beta of 1.10. The firm’s 50-day moving average is $45.47 and its two-hundred day moving average is $40.96.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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 negative net margin of 0.68% and a positive return on equity of 3.74%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, research analysts predict that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

Several hedge funds have recently bought and sold shares of BILL. Pier Capital LLC purchased a new stake in BILL during the 4th quarter worth about $5,064,000. The Manufacturers Life Insurance Company purchased a new position in BILL in the 2nd quarter valued at about $2,222,000. Pacer Advisors Inc. lifted its holdings in BILL by 1,775.9% in the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock valued at $12,949,000 after purchasing an additional 320,062 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of BILL by 743.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock worth $10,113,000 after purchasing an additional 232,731 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in shares of BILL during the 4th quarter worth about $15,778,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BILL shares. BTIG Research reiterated a “buy” rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Zacks Research raised BILL from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods boosted their price objective on shares of BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. UBS Group boosted their price objective on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.