821,902 Shares in BILL Holdings, Inc. $BILL Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments initiated a BILL position with 821,902 shares, valued at approximately $36 million and representing 0.96% of the company.
• Analyst sentiment is broadly positive: BILL has a consensus “Moderate Buy” rating and an average price target of $59.29; Jefferies upgraded the stock to “Strong Buy.”
• BILL beat quarterly EPS estimates ($1.18 versus $0.98), but revenue fell short of forecasts and declined 10.6% year over year.

Allspring Global Investments Holdings LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 821,902 shares of the company's stock, valued at approximately $35,983,000. Allspring Global Investments Holdings LLC owned 0.96% of BILL as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BILL. The Manufacturers Life Insurance Company acquired a new stake in BILL during the 2nd quarter valued at $2,222,000. Pacer Advisors Inc. boosted 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 worth $12,949,000 after acquiring an additional 320,062 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in 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 buying an additional 232,731 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of BILL in the 2nd quarter valued at approximately $894,000. Finally, Legal & General Group Plc bought a new stake in shares of BILL in the 2nd quarter worth about $3,987,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

BILL has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of BILL from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, November 6th. Weiss Ratings raised BILL from a "sell (d)" rating to a "hold (c-)" rating in a report on Monday. Jefferies Financial Group upgraded BILL from a "hold" rating to a "strong-buy" rating in a research report on Monday. Keefe, Bruyette & Woods increased their target price on BILL from $52.00 to $58.00 and gave the stock a "market perform" rating in a research report on Friday, November 6th. Finally, Needham & Company LLC restated a "buy" rating on shares of BILL in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, BILL presently has a consensus rating of "Moderate Buy" and an average price target of $59.29.

Insider Transactions at BILL

In related news, insider Michael Cieri sold 10,754 shares of the firm'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 transaction of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Rene Lacerte sold 141,256 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total value of $6,839,615.52. Following the completion of the sale, the chief executive officer owned 100,899 shares of the company's stock, valued at approximately $4,885,529.58. This trade represents a 58.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 267,997 shares of company stock valued at $13,057,984. Corporate insiders own 14.50% of the company's stock.

BILL Trading Up 1.3%

Shares of NYSE BILL opened at $54.42 on Thursday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 0.73 and a beta of 1.08. The business has a 50 day simple moving average of $47.56 and a 200 day simple moving average of $42.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.50. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $353.77 million for the quarter, compared to analyst estimates of $438.62 million. BILL had a return on equity of 5.83% and a net margin of 3.23%. The firm's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. On average, research analysts predict that BILL Holdings, Inc. will post 2.45 earnings per share for the current fiscal year.

More BILL News

These are some of the BILL news items that stood out recently:

• Positive Sentiment: Jefferies upgraded BILL to “strong buy” from “hold.” The upgrade adds to the favorable analyst sentiment. Read More.
• Positive Sentiment: Business momentum and profitability drew attention. A recent analysis pointed to rising profits and sustained double-digit payment-volume growth; coverage of the earnings call also emphasized the potential for profitable, AI-led growth. Read More. · Read More.
• Positive Sentiment: Additional reports cited positive forecasts from Citigroup and TD Cowen, reinforcing the favorable analyst outlook. Read More. · Read More.

About BILL

BILL NYSE: BILL, formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows. Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

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