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BILL Holdings, Inc. (NYSE:BILL – Get Free Report) CEO Rene Lacerte sold 42,248 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total value of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares of the company’s stock, valued at approximately $8,183,981.25. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.BILL Price Performance NYSE:BILL opened at $49.11 on Monday. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.19 billion, a P/E ratio of -377.77, a P/E/G ratio of 0.74 and a beta of 1.10. The stock’s fifty day moving average is $45.47 and its two-hundred day moving average is $40.92.
BILL (NYSE:BILL – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million during the quarter, compared to analysts’ expectations of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities analysts expect that BILL Holdings, Inc. will post 2.22 EPS for the current year.
Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in BILL. ER Collective Holdings LLC acquired a new position in BILL during the 4th quarter worth $464,588,000. California State Teachers Retirement System raised its position in BILL by 3,421.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,531,603 shares of the company’s stock valued at $127,703,000 after purchasing an additional 3,431,307 shares in the last quarter. Senvest Management LLC boosted its stake in shares of BILL by 155.8% in the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock valued at $140,346,000 after buying an additional 1,567,186 shares during the period. Contour Asset Management LLC boosted its stake in shares of BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after buying an additional 1,472,132 shares during the period. Finally, Marshall Wace LLP grew its position in shares of BILL by 190.8% during the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after buying an additional 1,421,785 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have weighed in on BILL shares. UBS Group lifted their price target on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Needham & Company LLC restated a “buy” rating on shares of BILL in a report on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and set a $60.00 price objective on shares of BILL in a research report on Thursday, August 20th. Truist Financial increased their price objective on shares of BILL from $44.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group lifted their target price on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.67.
Read Our Latest Stock Analysis on BILL
BILL Company Profile (Get Free Report)
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.
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