Public Employees Retirement System of Ohio Makes New Investment in BILL Holdings, Inc. $BILL

Public Employees Retirement System of Ohio bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 24,716 shares of the company’s stock, valued at approximately $894,000.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in BILL during the 2nd quarter worth approximately $2,222,000. Pacer Advisors Inc. grew its holdings in BILL by 1,775.9% during the first quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock valued at $12,949,000 after purchasing an additional 320,062 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in BILL by 743.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company’s stock valued at $10,113,000 after purchasing an additional 232,731 shares in the last quarter. Lavelle Capital LP bought a new stake in BILL in the first quarter valued at approximately $1,748,000. Finally, Tejara Capital Ltd acquired a new stake in BILL in the second quarter worth $7,934,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BILL shares. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Keefe, Bruyette & Woods upped their price objective on shares of BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. dropped their price objective on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Wolfe Research lifted their target price on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BILL has an average rating of “Moderate Buy” and an average price target of $58.67.

Insiders Place Their Bets

In related news, CEO Rene Lacerte sold 42,248 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares of the company’s stock, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction 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 in the company, valued at $48,982.61. This represents a 91.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 267,997 shares of company stock worth $13,057,984. 13.20% of the stock is currently owned by company insiders.

BILL Price Performance

NYSE BILL opened at $47.95 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -368.85, a PEG ratio of 0.71 and a beta of 1.10. The business has a 50 day simple moving average of $46.15 and a 200 day simple moving average of $40.97. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $436.19 million for 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 business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts anticipate that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal 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. It also offers onboarding implementation support, and ongoing support and training services.