Legal & General Group Plc bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 110,266 shares of the company's stock, valued at approximately $3,987,000. Legal & General Group Plc owned approximately 0.11% of BILL at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of BILL. ER Collective Holdings LLC purchased a new position in shares of BILL in the 4th quarter valued at about $464,588,000. Senvest Management LLC increased its position in shares of BILL by 155.8% during the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company's stock worth $140,346,000 after purchasing an additional 1,567,186 shares in the last quarter. Contour Asset Management LLC boosted its position in shares of BILL by 45.5% in the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company's stock valued at $256,914,000 after purchasing an additional 1,472,132 shares during the period. Marshall Wace LLP boosted its position in shares of BILL by 190.8% in 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 during the period. Finally, Norges Bank acquired a new stake in shares of BILL in the fourth quarter valued at approximately $54,275,000. Institutional investors and hedge funds own 97.99% of the company's stock.
Insiders Place Their Bets
In related news, insider Michael Cieri sold 10,754 shares of BILL 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 sale, the insider owned 997 shares in the company, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 42,248 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total transaction 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. The trade was a 20.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 267,997 shares of company stock worth $13,057,984. Corporate insiders own 13.20% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BILL. BTIG Research reaffirmed a "buy" rating and issued a $60.00 target price on shares of BILL in a report on Thursday, August 20th. Weiss Ratings cut BILL from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Wall Street Zen raised BILL from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Keefe, Bruyette & Woods increased 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. Finally, Oppenheimer set a $55.00 target price on BILL and gave the company an "outperform" rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BILL has an average rating of "Moderate Buy" and an average target price of $58.67.
View Our Latest Stock Report on BILL
BILL Price Performance
Shares of NYSE:BILL opened at $49.11 on Friday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -377.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. 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 business's 50 day simple moving average is $45.47 and its 200-day simple moving average is $40.96. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21.
BILL (NYSE:BILL - Get Free Report) last released 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. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The firm had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. During the same period last year, the business posted $0.53 EPS. BILL's quarterly revenue was up 13.8% on a year-over-year basis. 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, equities analysts forecast that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.
BILL Company Profile
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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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