BILL (NYSE:BILL) Insider Michael Cieri Sells 10,754 Shares

BILL Holdings, Inc. (NYSE:BILL) insider Michael Cieri sold 10,754 shares of BILL 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 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 position. 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.

BILL Trading Down 3.4%

BILL stock opened at $47.57 on Wednesday. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month 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 stock has a market cap of $4.06 billion, a P/E ratio of -365.92, a P/E/G ratio of 0.76 and a beta of 1.09. The company’s fifty day simple moving average is $44.54 and its 200-day simple moving average is $40.86.

BILL (NYSE:BILL) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 3.74% and a negative net margin of 0.68%.BILL’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $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, sell-side analysts forecast that BILL Holdings, Inc. will post 2.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on BILL from $44.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, August 20th. BTIG Research reissued a “buy” rating and issued a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Weiss Ratings restated a “sell (d+)” rating on shares of BILL in a research note on Monday, August 17th. Finally, BMO Capital Markets increased their price target 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 research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

Hedge Funds Weigh In On BILL

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted 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 buying an additional 430 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in BILL by 972.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after buying an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in BILL in the 4th quarter worth $28,000. State of Wyoming bought a new position in BILL in the 1st quarter worth $32,000. Finally, Rockefeller Capital Management L.P. raised its holdings 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 acquiring an additional 452 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Company 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.