Wellington Management Group LLP Decreases Stock Holdings in BILL Holdings, Inc. $BILL

Key Points

• Wellington Management reduced its BILL Holdings stake by 13.1% in the second quarter, selling 534,853 shares and retaining 3.56 million shares valued at approximately $128.8 million. Institutional investors collectively own 97.99% of the company.
• BILL reported quarterly adjusted earnings of $0.84 per share, exceeding estimates of $0.71, while revenue rose 13.8% year over year to $436.19 million. The company issued fiscal 2027 EPS guidance of $3.56 to $3.79.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $58.67, although the stock recently traded down 3.4% to $47.57.

Wellington Management Group LLP lowered its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 13.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,562,810 shares of the company's stock after selling 534,853 shares during the period. Wellington Management Group LLP owned approximately 3.58% of BILL worth $128,831,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company's stock worth $26,000 after acquiring an additional 430 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company's stock worth $28,000 after purchasing an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in BILL in the fourth quarter worth approximately $28,000. State of Wyoming bought a new stake in BILL in the 1st quarter worth approximately $32,000. Finally, Rockefeller Capital Management L.P. grew its position in BILL by 173.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company's stock worth $39,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Trading Down 3.4%

Shares of NYSE:BILL opened at $47.57 on Wednesday. The stock has a 50 day moving average of $44.54 and a 200 day moving average of $40.86. The company has a market cap of $4.06 billion, a PE ratio of -365.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.09. BILL Holdings, Inc. has a 12-month low of $31.41 and a 12-month high of $57.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million during the quarter, compared to analyst estimates of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The company's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. 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 2.17 EPS for the current year.

Insider Transactions at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of the firm'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 sale, the insider directly owned 997 shares of the company's stock, valued at $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 own 13.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BILL. Weiss Ratings reissued a "sell (d+)" rating on shares of BILL in a report on Monday, August 17th. UBS Group lifted their price objective on BILL from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. The Goldman Sachs Group upped their price objective on BILL from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Oppenheimer set a $55.00 target price on BILL and gave the company an "outperform" rating in a report on Friday, May 8th. Finally, Wall Street Zen raised BILL from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.67.

About BILL

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.

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