303,130 Shares in BILL Holdings, Inc. $BILL Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, Holdings Channel reports. The fund acquired 303,130 shares of the company’s stock, valued at approximately $10,940,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ER Collective Holdings LLC acquired a new position in BILL during the fourth quarter worth about $464,588,000. Contour Asset Management LLC boosted its stake in shares of 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. Dimensional Fund Advisors LP boosted its stake in shares of 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. Marshall Wace LLP grew its holdings in shares of BILL by 36.5% during the 4th quarter. Marshall Wace LLP now owns 2,958,096 shares of the company’s stock valued at $161,335,000 after purchasing an additional 791,197 shares during the last quarter. Finally, Senvest Management LLC grew 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 valued at $140,346,000 after purchasing an additional 1,567,186 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

BILL has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. BTIG Research restated a “buy” rating and issued a $60.00 target price on shares of BILL 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 set a “buy” rating and a $43.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of BILL from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One research 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 data from MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average price target of $58.67.

Insider Activity at BILL

In other news, CEO Rene A. Lacerte sold 141,256 shares of BILL stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the transaction, the chief executive officer owned 100,899 shares in the company, valued at approximately $4,885,529.58. The trade was a 58.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction on Monday, August 31st. The stock was 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 approximately $48,982.61. This represents a 91.52% decrease in their position. 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 sold 267,997 shares of company stock valued at $13,057,984. Corporate insiders own 13.20% of the company’s stock.

BILL Stock Performance

NYSE:BILL opened at $47.95 on Thursday. The stock has a market cap of $4.09 billion, a P/E ratio of -368.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average is $46.15 and its 200-day moving average is $40.97. BILL Holdings, Inc. has a 1-year low of $31.41 and a 1-year high of $57.21.

BILL (NYSE:BILL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The business had revenue of $436.19 million during the quarter, compared to analyst estimates of $430.55 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities research analysts anticipate that BILL Holdings, Inc. will post 2.22 earnings per share for the current 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.