The Manufacturers Life Insurance Company Takes $2.22 Million Position in BILL Holdings, Inc. $BILL

The Manufacturers Life Insurance Company acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) in the second quarter, Holdings Channel.com reports. The fund acquired 61,452 shares of the company’s stock, valued at approximately $2,222,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BILL. ER Collective Holdings LLC purchased a new position in BILL during the fourth quarter worth about $464,588,000. Senvest Management LLC increased its holdings in shares of BILL by 155.8% during the 4th quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock worth $140,346,000 after buying an additional 1,567,186 shares during the last quarter. Contour Asset Management LLC raised its position in shares of BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after buying an additional 1,472,132 shares during the period. Marshall Wace LLP lifted its holdings in BILL by 190.8% in the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after acquiring an additional 1,421,785 shares during the last quarter. Finally, Norges Bank acquired a new position in BILL in the fourth quarter valued at approximately $54,275,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley raised their target price on BILL from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 20th. UBS Group increased their price target on BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wolfe Research boosted their price objective on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. decreased their target price on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Finally, BMO Capital Markets increased their target price on shares of BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

Insider Transactions at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were 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 in the company, valued at $48,982.61. This represents a 91.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. 13.20% of the stock is owned by company insiders.

BILL Trading Up 2.4%

BILL opened at $48.78 on Thursday. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $44.85 and a 200-day simple moving average of $40.87. The firm has a market cap of $4.16 billion, a P/E ratio of -375.20, a P/E/G ratio of 0.71 and a beta of 1.10.

BILL (NYSE:BILL) last posted its quarterly earnings data 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 firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company’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. On average, equities analysts expect that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.

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.