Engineers Gate Manager LP Takes $965,000 Position in BILL Holdings, Inc. $BILL

Key Points

• Engineers Gate Manager LP acquired a new $965,000 stake in BILL Holdings during the second quarter, purchasing 26,681 shares. Institutional investors and hedge funds collectively own 97.99% of the company.
• BILL reported quarterly adjusted earnings of $0.84 per share, beating expectations of $0.71, while revenue reached $436.19 million, up 13.8% year over year and ahead of forecasts.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $58.67 price target; however, insiders sold approximately $13.1 million of stock over the past three months.

Engineers Gate Manager LP bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,681 shares of the company's stock, valued at approximately $965,000.

Other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in BILL by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the company's stock worth $693,000 after buying an additional 300 shares during the period. Versant Capital Management Inc increased its position in BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company's stock valued at $26,000 after acquiring an additional 430 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company's stock valued at $39,000 after acquiring an additional 452 shares during the last quarter. Leonteq Securities AG raised its stake in shares of BILL by 25.0% during the first quarter. Leonteq Securities AG now owns 2,753 shares of the company's stock valued at $105,000 after acquiring an additional 551 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of BILL by 5.6% during the first 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 period. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of NYSE:BILL opened at $47.60 on Friday. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of -366.14, a PEG ratio of 0.71 and a beta of 1.10. The stock's 50 day moving average is $47.27 and its 200-day moving average is $41.22. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of $0.71 by $0.13. The business had revenue of $436.19 million for the quarter, compared to analysts' expectations 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 was up 13.8% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts forecast that BILL Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte sold 42,248 shares of the company'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 in the company, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Cieri sold 10,754 shares of BILL 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 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 have sold a total of 267,997 shares of company stock worth $13,057,984 in the last three months. 13.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on BILL shares. BTIG Research reaffirmed a "buy" rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Morgan Stanley increased their price target on BILL from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, August 20th. Keefe, Bruyette & Woods raised their price objective on BILL from $46.00 to $54.00 and gave the stock a "market perform" rating in a research report on Thursday, August 20th. Weiss Ratings lowered BILL from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, August 31st. Finally, The Goldman Sachs Group upped their target price on BILL from $50.00 to $57.00 and gave the company a "buy" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, BILL has a consensus rating of "Moderate Buy" and a consensus price target of $58.67.

BILL News Summary

Here are the key news stories impacting BILL this week:

• Positive Sentiment: Post-earnings performance remains constructive. BILL is up about 0.4% since reporting quarterly results 30 days ago. The company exceeded analyst expectations with adjusted earnings of $0.84 per share versus a $0.71 consensus estimate, while revenue of $436.2 million also topped forecasts and rose 13.8% year over year. Management’s fiscal 2027 guidance provides additional visibility. Why Is BILL Holdings Up Since Last Earnings Report?
• Positive Sentiment: Momentum screens continue to favor BILL. Zacks identifies BILL as a highly ranked momentum stock, reflecting recent relative price strength and investor interest. BILL Holdings Is a Top-Ranked Momentum Stock
• Positive Sentiment: Relative strength may attract selective investors. BILL was included among stocks showing strong relative price performance as higher interest rates increase market volatility. This can support near-term demand, although it is a technical rather than fundamental catalyst. 5 Relative Price Strength Stocks to Buy Amid Rising Rates
• Neutral Sentiment: Most other headlines are unrelated to BILL Holdings. News about data-center electricity costs, Russia sanctions, farm legislation, crypto legislation, and personal medical bills concerns government policy or unrelated uses of the word “bill.” These reports do not appear to provide a direct catalyst for BILL’s business, which focuses on financial automation and accounts-payable and accounts-receivable software.

About BILL

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accounting firms and financial institutions. Its cloud-based platform helps customers automate and manage accounts payable, accounts receivable, payments, expense management, budgeting and other routine financial processes.

The company's offerings include BILL Accounts Payable and BILL Accounts Receivable, which support invoice processing, approvals, billing and payment collection. BILL also provides spend and expense management tools, including budgeting, corporate cards and employee expense tracking, along with integrations that connect its platform to accounting and business-management systems.

Founded in 2006 by René Lacerte, the company was originally known as Bill.com and became publicly traded on the New York Stock Exchange in 2019.

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