Legal & General Group Plc Cuts Stock Position in BILL Holdings, Inc. $BILL

Legal & General Group Plc lessened its stake in BILL Holdings, Inc. (NYSE:BILL) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,317 shares of the company’s stock after selling 16,382 shares during the period. Legal & General Group Plc owned 0.14% of BILL worth $7,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new position in BILL in the fourth quarter valued at about $373,000. Hantz Financial Services Inc. grew its stake in BILL by 142.2% in the fourth quarter. Hantz Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $166,000 after purchasing an additional 1,785 shares during the last quarter. North Star Asset Management Inc. grew its stake in BILL by 11.3% in the fourth quarter. North Star Asset Management Inc. now owns 8,490 shares of the company’s stock valued at $463,000 after purchasing an additional 860 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in BILL in the fourth quarter valued at about $927,000. Finally, FourThought Financial Partners LLC purchased a new position in BILL in the fourth quarter valued at about $232,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $35.98 on Friday. BILL Holdings, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $57.21. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -3,593.91, a PEG ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s 50-day simple moving average is $37.86 and its 200-day simple moving average is $44.44.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. BILL had a return on equity of 2.40% and a net margin of 0.01%.The business had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Robert W. Baird lifted their target price on BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings upgraded BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. cut their target price on BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $75.00 price target on shares of BILL in a research note on Friday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price target on BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and an average target price of $56.30.

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.