AlphaGrep UK Ltd acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,238 shares of the company's stock, valued at approximately $1,274,000. BILL makes up about 0.4% of AlphaGrep UK Ltd's portfolio, making the stock its 16th largest position.
Several other institutional investors and hedge funds have also made changes to their positions in BILL. ER Collective Holdings LLC acquired a new stake in BILL in the 4th quarter worth about $464,588,000. Senvest Management LLC boosted its position in shares of BILL by 155.8% in the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company's stock worth $140,346,000 after buying an additional 1,567,186 shares during the period. Contour Asset Management LLC lifted its position in BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company's stock worth $256,914,000 after acquiring an additional 1,472,132 shares in the last quarter. Marshall Wace LLP grew its holdings in BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company's stock valued at $114,781,000 after purchasing an additional 1,421,785 shares in the last quarter. Finally, Norges Bank purchased a new position in BILL in the fourth quarter valued at about $54,275,000. 97.99% of the stock is owned by hedge funds and other institutional investors.
BILL Trading Down 3.4%
Shares of BILL stock opened at $49.11 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -377.77, a PEG ratio of 0.76 and a beta of 1.10. The company's fifty day simple moving average is $45.47 and its two-hundred day simple moving average is $40.96. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 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.
BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The company had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. During the same period in the previous year, the company posted $0.53 EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. 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, analysts anticipate that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.
Insider Activity at BILL
In other BILL news, CEO Rene Lacerte sold 42,248 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 163,125 shares of the company's stock, valued at $8,183,981.25. This trade represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the company's stock in a transaction 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 directly owned 997 shares in the company, valued at approximately $48,982.61. The trade was a 91.52% decrease in their position. The SEC filing for this sale provides additional information. 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 quarter. Corporate insiders own 13.20% of the company's stock.
Analysts Set New Price Targets
BILL has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price on BILL from $50.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Truist Financial boosted their price target on shares of BILL from $44.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday. Wall Street Zen upgraded shares of BILL from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Oppenheimer set a $55.00 price objective on BILL and gave the stock an "outperform" rating in a research report on Friday, May 8th. Finally, Robert W. Baird lifted their target price on BILL from $50.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.67.
View Our Latest Research Report on BILL
About BILL
(
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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