20,075 BILL Holdings, Inc. $BILL Shares Sold by Taylor Frigon Capital Management LLC

Key Points

• Taylor Frigon Capital Management reduced its BILL stake by 26.9%, selling 20,075 shares and retaining 54,496 shares worth approximately $2.32 million.
• Institutional investors and hedge funds collectively own 97.99% of BILL’s outstanding shares, with several firms substantially increasing or initiating positions.
• BILL reported quarterly EPS of $0.84, beating estimates of $0.71, while revenue rose 13.8% year over year to $436.19 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $58.56.

Taylor Frigon Capital Management LLC lessened its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 26.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 54,496 shares of the company's stock after selling 20,075 shares during the quarter. Taylor Frigon Capital Management LLC owned about 0.06% of BILL worth $2,318,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of BILL during the second quarter valued at about $2,222,000. Pacer Advisors Inc. lifted its holdings in BILL by 1,775.9% in the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company's stock worth $12,949,000 after purchasing an additional 320,062 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in BILL by 743.4% in the first 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 period. Public Employees Retirement System of Ohio bought a new position in BILL in the 2nd quarter valued at about $894,000. Finally, Legal & General Group Plc bought a new position in BILL in the 2nd quarter valued at about $3,987,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Up 0.1%

BILL stock opened at $50.74 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 $4.33 billion, a price-to-earnings ratio of -390.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21. The firm's 50 day moving average price is $46.93 and its two-hundred day moving average price is $42.07.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 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 positive return on equity of 3.74% and a negative net margin of 0.68%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior 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 2.30 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen raised shares of BILL from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Needham & Company LLC restated a "buy" rating on shares of BILL in a research report on Thursday, August 20th. The Goldman Sachs Group upped their price target on shares of BILL from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. UBS Group upped their price target on shares of BILL from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings cut shares of BILL from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.56.

Insiders Place Their Bets

In other news, CEO Rene A. Lacerte sold 141,256 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the completion of the sale, the chief executive officer directly owned 100,899 shares of the company's stock, valued at $4,885,529.58. This represents a 58.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Cieri sold 10,754 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider owned 997 shares of the company's stock, valued at $48,982.61. This trade represents a 91.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 267,997 shares of company stock worth $13,057,984 over the last 90 days. Insiders own 13.20% of the company's stock.

BILL Profile

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company's offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.