Empowered Funds LLC Buys Shares of 68,565 BILL Holdings, Inc. $BILL

Key Points

• Empowered Funds LLC acquired 68,565 shares of BILL Holdings during the second quarter, valued at approximately $2.48 million. Institutional investors collectively own 97.99% of the company.
• Analysts maintain a generally positive outlook, with BILL carrying a consensus rating of “Moderate Buy” and an average price target of $58.67. Recent targets range from $50 to $60.
• BILL exceeded quarterly expectations, reporting adjusted EPS of $0.84 versus the $0.71 consensus and revenue of $436.19 million, up 13.8% year over year. The stock opened at $48.78, up 2.4%.

Empowered Funds LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 68,565 shares of the company's stock, valued at approximately $2,479,000. Empowered Funds LLC owned about 0.07% of BILL as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BILL. Pier Capital LLC purchased a new position in BILL during the fourth quarter worth about $5,064,000. Pacer Advisors Inc. lifted its holdings in shares of 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 last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BILL by 743.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company's stock worth $10,113,000 after acquiring an additional 232,731 shares during the last quarter. NewEdge Wealth LLC purchased a new position in shares of BILL during the 4th quarter worth approximately $15,778,000. Finally, Lavelle Capital LP acquired a new stake in BILL in the 1st quarter valued at approximately $1,748,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BILL shares. Weiss Ratings lowered BILL from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Morgan Stanley raised their target price on BILL from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, August 20th. Jefferies Financial Group boosted their price target on shares of BILL from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Keefe, Bruyette & Woods lifted their price objective on shares of BILL from $46.00 to $54.00 and gave the company a "market perform" rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of BILL from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BILL presently has an average rating of "Moderate Buy" and a consensus price target of $58.67.

Insider Transactions at BILL

In other news, insider Michael Cieri sold 10,754 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $48,982.61. This represents a 91.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. 13.20% of the stock is owned by company insiders.

BILL Stock Up 2.4%

BILL stock opened at $48.78 on Thursday. The company's 50 day moving average price is $44.85 and its 200 day moving average price is $40.87. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -375.20, a PEG ratio of 0.71 and a beta of 1.10. BILL Holdings, Inc. has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. The company had revenue of $436.19 million during 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 firm's 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. On average, equities research analysts anticipate that BILL Holdings, Inc. will post 2.22 EPS 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.

Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BILL Holdings, Inc. (NYSE:BILL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source