Price T Rowe Associates Inc. MD Sells 2,355,409 Shares of BILL Holdings, Inc. $BILL

Key Points

• Price T Rowe Associates Inc. reduced its stake in BILL Holdings, Inc. by 18.3%, selling 2,355,409 shares, which left it with 10,524,039 shares valued at approximately $482.9 million.
• Institutional investors now own 97.99% of BILL's stock, with notable increases from firms like Dimensional Fund Advisors LP and Frontier Capital Management Co. LLC, which raised their stakes by 110.9% and 86.9% respectively.
• Multiple analysts have lowered their price targets for BILL, with Canaccord Genuity cutting its target from $105 to $75, while the stock currently has a consensus rating of "Moderate Buy" and a target price of $62.32.

Price T Rowe Associates Inc. MD lowered its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,524,039 shares of the company's stock after selling 2,355,409 shares during the period. Price T Rowe Associates Inc. MD owned 10.32% of BILL worth $482,949,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in shares of BILL during the 4th quarter worth approximately $30,000. GeoWealth Management LLC purchased a new stake in BILL during the fourth quarter valued at about $32,000. Coppell Advisory Solutions LLC lifted its holdings in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares during the last quarter. Fifth Third Bancorp lifted its holdings in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after purchasing an additional 429 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. UBS Group lifted their price objective on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Truist Financial lifted their price objective on shares of BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Mizuho cut their target price on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Finally, Oppenheimer raised their target price on BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.61.

Insider Buying and Selling at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. The trade was a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares of the company's stock, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

BILL Price Performance

Shares of BILL traded up $1.16 during mid-day trading on Wednesday, reaching $41.79. 6,495,788 shares of the stock traded hands, compared to its average volume of 2,665,917. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The firm has a fifty day moving average price of $44.04 and a 200 day moving average price of $45.95. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -348.25, a price-to-earnings-growth ratio of 9.11 and a beta of 1.35. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.27). BILL had a return on equity of 1.21% and a net margin of 2.70%. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL 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.