BILL Holdings, Inc. $BILL Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 63.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,691 shares of the company’s stock after selling 16,651 shares during the quarter. Sterling Capital Management LLC’s holdings in BILL were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BILL. Sepio Capital LP grew its holdings in shares of BILL by 1,251.6% in the third quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock worth $55,484,000 after acquiring an additional 1,207,769 shares during the period. Canada Pension Plan Investment Board bought a new position in BILL in the second quarter valued at about $14,894,000. Pacer Advisors Inc. lifted its stake in shares of BILL by 1,775.9% in the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after purchasing an additional 320,062 shares during the period. Hsbc Holdings PLC bought a new position in shares of BILL in the 2nd quarter worth approximately $10,940,000. Finally, Quantinno Capital Management LP lifted its stake in shares of BILL by 231.1% in the 1st quarter. Quantinno Capital Management LP now owns 357,007 shares of the company’s stock worth $13,673,000 after purchasing an additional 249,191 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BILL

In related news, CEO Rene A. Lacerte sold 42,248 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the completion of the transaction, the chief executive officer owned 163,125 shares in the company, valued at $8,183,981.25. The trade was a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider directly owned 997 shares in the company, valued at $48,982.61. This trade represents a 91.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders sold 267,997 shares of company stock worth $13,057,984. Company insiders own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings downgraded shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. Zacks Research lowered BILL from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group lifted their target price on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised BILL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.56.

BILL Trading Up 0.8%

BILL stock opened at $48.42 on Friday. The firm has a fifty day moving average price of $46.96 and a 200 day moving average price of $42.66. BILL Holdings, Inc. has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The firm has a market cap of $4.16 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51.

BILL (NYSE:BILL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping 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 analysts’ expectations of $430.55 million. During the same period last year, the company posted $0.53 EPS. The business’s 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. Sell-side analysts anticipate that BILL Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

About BILL

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.