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

BILL Holdings, Inc. (NYSE:BILL – Get Free Report) CEO Rene Lacerte sold 42,248 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 163,125 shares of the company’s stock, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BILL Stock Performance

Shares of BILL opened at $49.11 on Friday. BILL Holdings, Inc. has a one year low of $31.41 and a one year high of $57.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $4.19 billion, a PE ratio of -377.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The firm has a 50-day moving average of $45.47 and a 200-day moving average of $40.96.

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BILL (NYSE:BILL – Get Free Report) last announced 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 firm had revenue of $436.19 million for 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%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts forecast that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wolfe Research increased their price target on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. TD Cowen initiated coverage on BILL in a research report on Monday, June 22nd. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Needham & Company LLC restated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Finally, Wall Street Zen raised BILL from a “hold” rating to a “buy” rating in a 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

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Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised 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 valued at $367,000 after buying an additional 2,678 shares in the last quarter. Prudential Financial Inc. grew its position in BILL by 19.6% during the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after buying an additional 1,637 shares in the last quarter. California Public Employees Retirement System increased its stake in BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock worth $7,748,000 after acquiring an additional 3,602 shares during the period. AXA S.A. raised its holdings in BILL by 121.7% in the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock valued at $2,699,000 after acquiring an additional 32,024 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in BILL in the 2nd quarter valued at $1,624,000. 97.99% of the stock is owned by institutional investors.

About BILL

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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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