BILL Holdings, Inc. $BILL Stock Bought by Sepio Capital LP

Key Points

• Sepio Capital significantly increased its BILL position by 1,251.6% in the third quarter, adding 1.21 million shares to own 1.30 million shares worth approximately $55.5 million. Institutional investors collectively own nearly 98% of BILL’s outstanding stock.
• BILL reported quarterly earnings of $0.84 per share, beating estimates of $0.71, while revenue rose 13.8% year over year to $436.2 million. The stock opened at $50.66, within its 52-week range of $31.41 to $57.21.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $58.67, although insiders—including the CEO—have sold shares worth approximately $13.1 million over the past 90 days.

Sepio Capital LP raised its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 1,251.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,267 shares of the company's stock after purchasing an additional 1,207,769 shares during the period. BILL accounts for approximately 2.2% of Sepio Capital LP's portfolio, making the stock its 8th largest holding. Sepio Capital LP owned approximately 1.53% of BILL worth $55,484,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company's stock valued at $26,000 after buying an additional 430 shares during the period. State of Wyoming purchased a new stake in shares of BILL in the first quarter valued at $32,000. Rockefeller Capital Management L.P. grew its position in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company's stock valued at $39,000 after purchasing an additional 452 shares during the period. Geneos Wealth Management Inc. acquired a new position in BILL in the first quarter valued at $57,000. Finally, Ascentis Independent Advisors purchased a new stake in BILL in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Stock Performance

NYSE:BILL opened at $50.66 on Friday. BILL Holdings, Inc. has a 1-year low of $31.41 and a 1-year high of $57.21. The stock has a market cap of $4.32 billion, a P/E ratio of 40.50, a PEG ratio of 0.71 and a beta of 1.13. 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 firm has a 50-day moving average of $46.91 and a two-hundred day moving average of $42.01.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. The firm had revenue of $436.19 million during the quarter, compared to analyst estimates of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%. BILL's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last 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 expect that BILL Holdings, Inc. will post 2.30 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of BILL from $44.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday, September 1st. Weiss Ratings downgraded BILL from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 31st. Morgan Stanley lifted their price objective on BILL from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, August 20th. BTIG Research reaffirmed a "buy" rating and set a $60.00 price target on shares of BILL in a research report on Thursday, August 20th. Finally, BMO Capital Markets lifted their target price on shares of BILL from $46.00 to $55.00 and gave the company a "market perform" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.67.

Insider Activity at BILL

In other news, CEO Rene Lacerte sold 42,248 shares of BILL 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 completion of the transaction, the chief executive officer owned 163,125 shares in the company, valued at approximately $8,183,981.25. This trade represents a 20.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the sale, the insider directly owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their ownership of the stock. 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 have sold 267,997 shares of company stock worth $13,057,984 in the last 90 days. 13.20% of the stock is currently owned by insiders.

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.

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