Strs Ohio Sells 18,383 Shares of BILL Holdings, Inc. $BILL

Strs Ohio reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 89.2% during the third quarter, HoldingsChannel reports. The firm owned 2,227 shares of the company’s stock after selling 18,383 shares during the period. Strs Ohio’s holdings in BILL were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock valued at $1,165,000 after buying an additional 327 shares during the period. Inlight Wealth Management LLC raised its position in shares of BILL by 0.8% in the 3rd quarter. Inlight Wealth Management LLC now owns 40,881 shares of the company’s stock worth $2,165,000 after acquiring an additional 334 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of BILL by 1.8% in the 2nd quarter. State of Michigan Retirement System now owns 22,800 shares of the company’s stock valued at $1,055,000 after purchasing an additional 400 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of BILL by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 101,302 shares of the company’s stock valued at $4,686,000 after purchasing an additional 470 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of BILL by 22.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 2,690 shares of the company’s stock valued at $124,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BILL. BMO Capital Markets lowered their target price on BILL from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Citigroup lowered their price objective on shares of BILL from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. BTIG Research restated a “buy” rating and issued a $60.00 price target on shares of BILL in a report on Monday. Finally, Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and a consensus price target of $58.90.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 1,104 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $51.23, for a total value of $56,557.92. Following the sale, the senior vice president owned 10,812 shares in the company, valued at $553,898.76. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.20% of the stock is currently owned by insiders.

BILL News Roundup

Here are the key news stories impacting BILL this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating on BILL, which can support demand for the shares and help explain upward price pressure. BTIG Reaffirms Buy for BILL
• Neutral Sentiment: Zacks published a preview of BILL’s Q2 (Dec) earnings and Wall Street metric projections — useful context for investors ahead of results, but not a direct catalyst by itself. Seeking Clues to BILL Q2 Earnings
• Negative Sentiment: Unusual options activity: traders bought 12,237 put contracts on BILL (a ~73% increase vs. average daily put volume). This surge in bearish positioning signals increased hedging or speculative downside interest, which can weigh on sentiment and add volatility. (Source: market activity report)
• Neutral Sentiment: The New York Times coverage of the federal funding bill and related political negotiations is broadly market-moving for macro risk appetite but has no direct link to BILL’s fundamentals. Trump Signs Funding Bill
• Neutral Sentiment: U.S. lawmakers introduced a bill to screen sales of potentially dangerous synthetic DNA — a regulatory development important to biotech and synthetic-biology firms but unlikely to affect BILL’s payments/financial-software business directly. Synthetic DNA Screening Bill
• Neutral Sentiment: Multiple outlets report that Bill and Hillary Clinton have agreed to testify in congressional depositions related to Jeffrey Epstein — significant political news but unlikely to have a direct material effect on BILL’s business. Clintons to Testify
• Neutral Sentiment: A state bill to restart WisconsinEye was set for an Assembly committee; this is local/state media policy news with no direct relevance to BILL. WisconsinEye Bill
• Neutral Sentiment: House legislation seeking details on NASA lunar-lander and spacesuit development is sector-specific federal spending news without an evident link to BILL’s payments platform business. House NASA Bill
• Neutral Sentiment: Coverage of GOP leaders facing pushback over a funding bill is broader political risk commentary; monitor macro sentiment but treat as indirect to BILL. GOP Pushback on Funding Bill

BILL Stock Performance

NYSE BILL opened at $37.19 on Thursday. The company has a market cap of $3.72 billion, a P/E ratio of -137.74, a PEG ratio of 5.23 and a beta of 1.30. The company has a fifty day simple moving average of $51.04 and a 200 day simple moving average of $49.03. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.47. BILL Holdings, Inc. has a 12-month low of $35.56 and a 12-month high of $98.00.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. BILL had a net margin of 0.79% and a return on equity of 1.39%. The firm had revenue of $395.74 million for the quarter, compared to the consensus estimate of $390.91 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

About BILL

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.