Public Employees Retirement System of Ohio Takes Position in BILL Holdings, Inc. $BILL

Key Points

• Public Employees Retirement System of Ohio acquired 24,716 BILL shares worth approximately $894,000, while institutional investors collectively own 97.99% of the stock.
• BILL reported quarterly EPS of $0.84, beating estimates by $0.13, with revenue up 13.8% year over year to $436.19 million. The company issued fiscal 2027 EPS guidance of $3.56 to $3.79.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $58.67, although insiders sold 267,997 shares worth about $13.1 million over the past three months.

Public Employees Retirement System of Ohio bought a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,716 shares of the company's stock, valued at approximately $894,000.

A number of other large investors have also bought and sold shares of BILL. Empowered Funds LLC increased its holdings in BILL by 50.3% during the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company's stock valued at $367,000 after purchasing an additional 2,678 shares in the last quarter. Prudential Financial Inc. boosted its stake in BILL by 19.6% in the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company's stock worth $462,000 after purchasing an additional 1,637 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of BILL by 2.2% during the second quarter. California Public Employees Retirement System now owns 167,487 shares of the company's stock worth $7,748,000 after purchasing an additional 3,602 shares during the last quarter. AXA S.A. grew its holdings in shares of BILL by 121.7% during the second quarter. AXA S.A. now owns 58,346 shares of the company's stock worth $2,699,000 after purchasing an additional 32,024 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of BILL in the second quarter valued at $1,624,000. 97.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available at 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. Also, CEO Rene Lacerte sold 42,248 shares of the stock in a transaction that occurred on 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 owned 163,125 shares in the company, valued at $8,183,981.25. This represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 267,997 shares of company stock valued at $13,057,984. 13.20% of the stock is currently owned by insiders.

BILL Trading Up 0.7%

BILL stock opened at $47.95 on Thursday. 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 Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a market cap of $4.09 billion, a P/E ratio of -368.85, a PEG ratio of 0.71 and a beta of 1.10. The business has a fifty day moving average of $46.15 and a 200-day moving average of $40.97.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) 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 business had revenue of $436.19 million for the quarter, compared to analysts' expectations of $430.55 million. During the same quarter last year, the business earned $0.53 earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. 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 research analysts expect that BILL Holdings, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BILL. Keefe, Bruyette & Woods lifted their price target on BILL from $46.00 to $54.00 and gave the company a "market perform" rating in a report on Thursday, August 20th. Jefferies Financial Group increased their price objective on shares of BILL from $50.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. UBS Group raised their price objective on shares of BILL from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. TD Cowen began coverage on shares of BILL in a research note on Monday, June 22nd. They issued a "buy" rating and a $43.00 target price for the company. Finally, Wall Street Zen upgraded shares of BILL from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.67.

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.