Rene Lacerte Sells 141,256 Shares of BILL (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) CEO Rene Lacerte sold 141,256 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total value of $6,839,615.52. Following the transaction, the chief executive officer owned 100,899 shares of the company’s stock, valued at approximately $4,885,529.58. This represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BILL Trading Down 3.4%

BILL traded down $1.75 on Friday, hitting $49.11. The company had a trading volume of 1,199,205 shares, compared to its average volume of 2,594,612. The firm has a market cap of $4.19 billion, a P/E ratio of -377.77, a PEG ratio of 0.73 and a beta of 1.10. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21. The company’s fifty day moving average price is $45.20 and its 200 day moving average price is $40.90. 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) last posted its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $436.19 million for the quarter, compared to analysts’ expectations of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. BILL’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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 analysts expect that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price target on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. BTIG Research restated a “buy” rating and set a $60.00 price target on shares of BILL in a research report on Thursday, August 20th. UBS Group lifted their price objective on BILL from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group boosted their price objective on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ER Collective Holdings LLC acquired a new position in BILL during the 4th quarter worth $464,588,000. Contour Asset Management LLC raised its position in 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 in the last quarter. California State Teachers Retirement System raised its position in BILL by 3,421.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,531,603 shares of the company’s stock valued at $127,703,000 after purchasing an additional 3,431,307 shares in the last quarter. Dimensional Fund Advisors LP raised its position in BILL by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock valued at $118,366,000 after purchasing an additional 126,427 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of BILL by 36.5% in the 4th quarter. Marshall Wace LLP now owns 2,958,096 shares of the company’s stock valued at $161,335,000 after buying an additional 791,197 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.