39,000 Shares in BILL Holdings, Inc. $BILL Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,000 shares of the company's stock, valued at approximately $1,410,000.

A number of other large investors have also bought and sold shares of the stock. Hsbc Holdings PLC bought a new stake in shares of BILL in the second quarter worth about $10,940,000. Canada Pension Plan Investment Board purchased a new stake in BILL in the 2nd quarter worth approximately $14,894,000. Legal & General Group Plc bought a new stake in shares of BILL in the 2nd quarter worth approximately $3,987,000. The Manufacturers Life Insurance Company purchased a new position in shares of BILL during the second quarter valued at approximately $2,222,000. Finally, Algert Global LLC increased its stake in shares of BILL by 113.8% during the second quarter. Algert Global LLC now owns 385,264 shares of the company's stock valued at $13,931,000 after buying an additional 205,024 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BILL

In other news, CEO Rene A. Lacerte sold 42,248 shares of the business's stock in a transaction that occurred 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 $8,183,981.25. The trade was a 20.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Cieri sold 10,754 shares of the company'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 value of $528,344.02. Following the completion of the sale, the insider owned 997 shares in the company, valued at $48,982.61. The trade was a 91.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders sold 267,997 shares of company stock worth $13,057,984. Corporate insiders own 13.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on BILL shares. Robert W. Baird raised their price target on BILL from $50.00 to $54.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. Oppenheimer set a $55.00 price objective on shares of BILL and gave the company an "outperform" rating in a research report on Friday, May 8th. Truist Financial upped their price objective on shares of BILL from $44.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of BILL from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, June 5th. Finally, Morgan Stanley lifted their target price on shares of BILL from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, August 20th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.67.

BILL Price Performance

BILL opened at $49.11 on Friday. The stock has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $40.96. 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 company has a market cap of $4.19 billion, a price-to-earnings ratio of -377.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. BILL Holdings, Inc. has a 12-month low of $31.41 and a 12-month high of $57.21.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous 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. Research analysts predict that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

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.

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