BILL Holdings, Inc. $BILL Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its BILL stake by 94.5% in the third quarter, selling 224,303 shares and retaining 13,038 shares valued at approximately $555,000. Institutional investors and hedge funds still own 97.99% of the company.
• Analyst sentiment remains broadly positive, with BILL carrying a consensus “Moderate Buy” rating and an average price target of $58.56. Recent targets range from $54 to $60, although Jefferies downgraded the stock to “hold.”
• BILL reported quarterly EPS of $0.84, exceeding the $0.71 consensus estimate, while revenue rose 13.8% year over year to $436.19 million. Shares opened at $50.74, compared with a 52-week range of $31.41 to $57.21; insiders sold about $13.1 million in stock during the latest quarter.

Assenagon Asset Management S.A. trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 94.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,038 shares of the company's stock after selling 224,303 shares during the period. Assenagon Asset Management S.A.'s holdings in BILL were worth $555,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of BILL by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company's stock worth $693,000 after acquiring an additional 300 shares during the last quarter. Versant Capital Management Inc grew its stake in BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company's stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in BILL by 173.8% during the 4th 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 in the last quarter. Leonteq Securities AG increased its holdings in BILL by 25.0% during the 1st quarter. Leonteq Securities AG now owns 2,753 shares of the company's stock worth $105,000 after purchasing an additional 551 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in BILL by 5.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,957 shares of the company's stock worth $573,000 after purchasing an additional 797 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on BILL shares. Needham & Company LLC restated a "buy" rating on shares of BILL in a research note on Thursday, August 20th. UBS Group increased their price objective on shares of BILL from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Zacks Research raised shares of BILL from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 26th. Jefferies Financial Group lowered shares of BILL from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BILL from $46.00 to $54.00 and gave the stock a "market perform" rating in a research 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BILL currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.56.

Insider Activity at BILL

In related news, insider Michael Cieri sold 10,754 shares of the business'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 sale, the insider owned 997 shares of the company's stock, valued at $48,982.61. The trade was a 91.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was 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 $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. Insiders sold 267,997 shares of company stock valued at $13,057,984 over the last quarter. Insiders own 13.20% of the company's stock.

BILL Stock Performance

BILL opened at $50.74 on Friday. The business's 50 day moving average is $46.93 and its 200-day moving average is $42.07. The stock has a market cap of $4.33 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. The business 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%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, analysts predict that BILL Holdings, Inc. will post 2.30 earnings per share for the current year.

BILL Company 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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